White-Collar Crime

Ex-Lawyer and Lawmaker Convicted with 3 Others in Mortgage Fraud; Jury Hangs re Attorney-Rabbi

An 82-year-old former lawyer and state representative has been convicted by a federal jury in Hartford, along with three other defendants, of participating in a mortgage fraud scheme. It involved some $10 million in mortgage money obtained on dozens of Connecticut homes in transactions involving shady sellers, straw buyers, fraudulently inflated appraisals and other dubious practices.

Morris Olmer and his convicted co-defendants now face potential prison sentences that could exceed 20 years, according to the Day. Others pleaded guilty earlier and also face sentencing.

After a monthlong trial and four days of deliberation, the jury hung concerning a fifth defendant, attorney David Avigdor, 57, who is a prominent New Haven rabbi, the newspaper reports. The government hasn’t yet decided whether to retry him.

Additional and related coverage:

New Haven Independent: “4 Convicted In Fraud Scam; Mistrial For Rabbi”

New Haven Independent: “Ex-Lawyer Charged With Swindling Client”

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