NY Lawyer Jailed In $82M Hamptons Mortgage Fraud

Law360, New York (February 28, 2012, 6:00 PM EST) -- A New York attorney was sentenced Monday in state court to four to 12 years of prison for his role in an $82 million mortgage fraud scheme involving properties in New York and the Hamptons that later defaulted.

Donald MacPherson received the sentence and a $44 million restitution judgment after pleading guilty Nov. 16 in Suffolk County District Court to 45 counts, including grand larceny and insurance fraud. MacPherson is one of several defendants to cop to charges in the scheme, along with his wife, Carrie...
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