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December 9, 2011

TWO CHICAGO LAWYERS AND MORTGAGE BROKER BUSTED FOR FRAUD…ANOTHER ONE??? COME ON!

by billthemortgageguy

Two Chicago lawyers are among four defendants who were found guilty yesterday of participating in a $9.2 million mortgage fraud scheme by a federal jury after a nine-week trial. All four defendants were convicted of multiple counts of mail and wire fraud, and three of them on other related charges, for their roles in a scheme that allegedly netted them approximately $5 million in fraudulently obtained loan proceeds. Two other co-defendants previously pleaded guilty in the case and testified as government witnesses. A fifth defendant who went to trial was acquitted on the only charge against him, a single count of mail fraud.

via News from DEA, Domestic Field Divisions, Chicago News Releases, 12/08/11.

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