On April 2, the DOJ announced a guilty plea by a Northern California real estate investor to charges of bid rigging and fraud conspiracy at foreclosure auctions in violation of the Sherman Act. The charges are the outcome of the DOJ’s antitrust investigations into bid rigging and fraud at foreclosure auctions in Northern California, during the course of which 52 individuals have pled guilty to criminal charges. According to the DOJ, the Defendant allegedly worked with others to designate one bidder to win the selected properties at public foreclosure auctions and then held second, private auctions with the conspirators. The DOJ also charged the Defendant with conspiracy to commit mail fraud in connection with the bid rigging activities.