Real estate investor, six others sentenced to prison for conspiracy to rig public auctions
GULFPORT, MS (WLOX) - Biloxi businessman Ivan Spinner was sentenced Thursday, along with six others, in U.S. District Court in Gulfport for their roles in a bid-rigging scheme that involved real estate auctions at county courthouses.
Spinner was sentenced to four months in prison with three years supervised release and a $30,000 fine.
He pleaded guilty in June for fixing prices on foreclosed real estate that were being auctioned.
District Judge Louis Guirola also sentenced six other Coast residents to four months in prison and three years supervised release: Terry Tolar, Kevin Moore, Chad Nichols, Kimberly Foster and brothers Shannon and Jason Boykin.
The fines varied and were as high as $48,000 dollars.
Restitution will be determined at a later date.
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