White-Collar Crime
Closing Attorney Faces 27 Counts in Federal Mortgage Fraud Case
A Massachusetts lawyer accused of serving as a closing attorney on multiple deals in a Boston-area mortgage fraud case has been charged with a total of 27 counts of wire fraud, bank fraud and money laundering.
Michael R. Anderson, 41, allegedly worked with a developer and a bank manager, in a claimed scheme that involved false information provided to lenders and straw buyers, reports the Boston Globe.
Some 100 properties reportedly went into foreclosure.
If convicted, Anderson could be sentenced to a maximum of 10 to 30 years on each count.
His lawyer couldn’t be reached by the newspaper for comment.
