Mass. Lawyer Gets 12 Years For $10.6M Mortgage Fraud

Law360, New York (January 21, 2011, 12:58 PM EST) -- A federal judge has ordered a suspended Massachusetts attorney to serve 12 years in prison for leading a mortgage fraud ring that bilked lenders of more than $10 million.

Judge George O’Toole of the U.S. District Court for the District of Massachusetts on Thursday also ordered Eric Levine to forfeit $1.9 million, his share of the alleged scheme, and serve two years of supervised release.

The sentence followed a seven-week trial last year, in which a jury, in June, convicted Levine on one count of conspiracy,...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.