Head of Heir Location Firm to Plead Guilty in Antitrust Case
Jan 17, 2016 07:25 AM EST
The owner and the president of a firm, Richard A. Blake Jr., had pleaded guilty as a part of an ongoing antitrust investigation. His firm identifies potential heirs to an estate and thus has been a share for an antitrust allegations.
Richard A. Blake Jr. who owns a firm located in Braintree, Massachusetts, has finally agreed to venture and work with the Justice Department about the antitrust charge. To enlarge, Richard A. Blake Jr. will also be an instrument to further the investigation of the anti-competitive practices of firms just like his - that assists inheritance after a certain distant relative dies without a written will. How it works is that, the firm will get a contingency fee paid that will come from the inheritance the client will have, Yahoo! News shared.
The owner and president of the said firm will still face charges - but sentence will be determined later after the investigation has finally came to a conclusion. Richard A. Blake Jr. has revealed to have tried to reduce competition in the industry. He made it possible by allocating heirs with various unnamed companies and as well as to several unknown accomplices, New York Times reported.
Moreover from San Francisco Gate, Richard A. Blake Jr. has pleaded guilty for all of these issues connecting him to various inheritance and antitrust issues. He, along other firms are facing charges by cause of lining up their pockets at the expense of their dear clients. Justice Department will be pushing through the intense investigation to eventually reveal and sentence other firms that are involved in this kind of controversies.
Justice Department has strongly willed that this could be another step in charging and serving justice to those innocent victims and/or clients that have been cheated on and conspired onto for their lack of written will.