Contact Us
Make My Homepage

Firm Admits Role in NJ Tax Lien Bid Rig Scheme

A Pennsylvania company has pleaded guilty in what federal prosecutors say was a scheme to rig tax lien bids in New Jersey.

Flickr User 401K

Crusader Servicing Corp. of Jenkintown entered its plea Wednesday in U.S. District Court in Newark.

The company became the tenth defendant to plead guilty in the scheme, which prosecutors say involved numerous people and operated for several years. Eight individuals and another company have also entered guilty pleas in recent months.

Prosecutors say participants conspired to purchase municipal tax liens at higher interest rates than they would otherwise fetch at a competitive auction. As a result, property owners had to pay higher rates than they would if their liens were purchased in a fair bidding process.

(Copyright 2012 by The Associated Press.  All Rights Reserved.)

Best of the Web


Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://nj1015.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on New Jersey 101.5 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here.

Register on New Jersey 101.5 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!