Chicago Lawyer Couple Charged with Fraud, Accused of Lying to Clients Facing Foreclosure

Corrected: A Chicago lawyer is charged with deceiving clients who paid him to help save their homes from foreclosure, federal prosecutors said.

Investigators say Philip Igoe pursued clients in financial turmoil and took money from them, promising that the money would go toward mortgage payments or repayments under Chapter 13 bankruptcy plans, UPI reports. Investigators say Igoe instead used the money from his foreclosure clients to his personal advantage. He has been charged with mail fraud, six counts of bankruptcy fraud and obstruction of justice,

Igoe’s wife, Stacey, was also charged in a grand jury indictment handed up Tuesday, U.S. Attorney Patrick Fitzgerald said. Stacey, a fellow lawyer, was charged with one count of bankruptcy fraud, two counts of perjury and obstruction of justice, UPI reported.

If convicted, husband and wife could serve considerable prison terms, UPI says.

Last updated Feb. 28 to correctly identify Philip Igoe.