Contact Us
Make My Homepage

Investor Admits to NJ Tax Lien Bidding Scheme

A financial investor from New York has pleaded guilty in what prosecutors say was a scheme to rig tax lien bids in New Jersey.

Flickr user yomanimus

Robert Rothman entered his plea after a felony charge was filed Tuesday in a New Jersey federal court.

Prosecutors say Rothman admitted conspiring 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.

Prosecutors say Rothman and other investors participated in the scheme from 2000 to February 2009, agreeing among themselves which liens each would bid on to ensure non-competitive rates.

Rothman will cooperate with the department’s ongoing investigation.

(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.

Sign up for an account to comment, share your thoughts, and earn points to get great prizes.

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