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with that much money swirling some people cheat. reporter: a disgruntled bidders went to the fbi. it may be a contributing factor to home foreclosures. they were getting together and agreeing that nobody would bid. reporter: hey is how worked. instead of competing against each other the group of investors would select one bidders. the bidderses who didn t play along with muscled out. people knew who they were. they sent out the message to other bidders they were not welcome. reporter: not welcome into a second private auction where the same house was resold at a higher price. the difference was something that the group would split. they had a formula that they used to divvy up those products. reporter: the u.s. attorney s office say bid rigging not only drives down the prices of real estate but it also steals equity from homeowners trying to weather the financial storm. but this auction bidders didn t. picking off of dead carcasses. they are cleaning the dead

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