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