Baltimore Real Estate Investing Blog

Back in July of 2008, I reported that Steve Berman had pleaded guilty to price fixing at Maryland tax lien auctions.  Others were implicated at the time.  Many of us active in local tax lien sales have been waiting for the other shoe to drop.

Jack Stollof has pleaded guilty to fixing bids at Maryland tax sales.  His partner Havey Nusbaum is scheduled to go to trial in March.  Nusbaum and Stollof were indicted in June of last year.

Jack Stollof’s plea comes after the Judge in the case threw out their defense that they had formed a “Joint Venture” and told that to  the bank that was financing them.  He is expect ed to be sentenced after Harvey Nusbaum’s trial.  They could both receive up to ten years in prison and a  fine of up to 1 million dollars.