Two more real-estate investors admit cheating at South Mississippi foreclosure auctions
GULFPORT - Two more real estate investors have admitted conspiring to rig bids at foreclosure auctions, bringing to nine the total who say they cheated at the public auctions held at South Mississippi courthouses.
J. Gregg Goodhart Jr., 50, of Biloxi and Christopher Vaughan, 53, of Ocean Springs each face up to 10 years in prison after entering guilty pleas Tuesday afternoon before U.S. District Judge Louis Guirola Jr., who is handling all the cases.
The investors met in secret before public auctions, agreed who would bid on properties and paid off those who sat out the bidding.
Vaughan admitted to attorneys with the U.S. Justice Department’s Antitrust Division that, from June 2011 until February 2017, he spent $408,890 on auction properties and payoffs.
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