Posted Jan 21, 2011 02:29 am CST
A Massachusetts lawyer who was earlier suspended from practice has been sentenced to a 12-year federal prison term for his role in a $10.6 million mortgage fraud.
Another attorney, J. Daniel Lindley, who was convicted of wire fraud and money laundering last year, apparently still awaits sentencing.
Levine, Lindley and 9 other defendants, one of whom is still awaiting trial, allegedly worked together to fraudulently buy and sell 21 properties between May 2005 and December 2006, recruiting straw buyers to pay inflated prices and submitting false information on mortgage applications.
They reportedly may have made $1.7 million by doing so.