Lawyer Gets 12 Years in $10.6M Mortgage Fraud; Another Attorney Awaits Sentencing
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.
Eric Levine could have gotten as much as 20 years after being convicted of conspiracy, wire fraud and money laundering last year, according to Boston Globe.(reg. req.) reports today and in June 2010.
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.
