{"id":51487,"date":"2022-11-30T14:47:07","date_gmt":"2022-11-30T22:47:07","guid":{"rendered":"https:\/\/cjnotebook.com\/?p=51487"},"modified":"2022-11-30T14:47:07","modified_gmt":"2022-11-30T22:47:07","slug":"real-estate-professionals-admit-to-rigging-bids-at-farmland-auction","status":"publish","type":"post","link":"https:\/\/cjnotebook.com\/?p=51487","title":{"rendered":"Real Estate Professionals Admit to Rigging Bids at Farmland Auction"},"content":{"rendered":"

KENTUCKY<\/strong><\/span><\/p>\n

\"\"Two Kentucky real estate professionals plead guilty Wednesday for their roles in a conspiracy to rig bids at an estate auction for farmland and timber rights, officials stated.<\/span><\/p>\n

\n
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\u00a0Barry Dyer and Mackie Shelton plead guilty to conspiring with others to rig bids at a 2018 auction for hundreds of acres of farmland and a tract of timber rights. <\/span><\/p>\n

According to authorities, Dyer and Shelton demanded and accepted a $40,000 payoff from competing auction participants to stop bidding, artificially suppressing the sales price of the farmland.<\/span><\/p>\n

\u201cAmerican farmers are part of the backbone of our country\u2019s economy, and they deserve to run their businesses in a fair market, untainted by corruption,\u201d said Assistant Director Luis Quesada of the FBI\u2019s Criminal Investigative Division.\u00a0<\/span><\/p>\n

Dyer and Shelton were charged with a single-count violation of the Sherman Act. A criminal violation of the Sherman Act carries a statutory maximum penalty of 10 years in prison and a $1 million fine. <\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

KENTUCKY Two Kentucky real estate professionals plead guilty Wednesday for their roles in a conspiracy to rig bids at an estate auction for farmland and timber rights, officials stated. \u00a0Barry Dyer and…<\/p>\n","protected":false},"author":1,"featured_media":51491,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3255],"tags":[2255,3479],"class_list":["post-51487","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-federal-court","tag-bid-rigging","tag-farmland"],"yoast_head":"\nReal Estate Professionals Admit to Rigging Bids at Farmland Auction<\/title>\n<meta name=\"description\" content=\"KENTUCKY Two Kentucky real estate professionals plead guilty Wednesday for their roles in a conspiracy to rig bids at an estate auction for farmland and\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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