NY Atty Admits Role In $23M Mortgage Fraud

Law360, New York (January 11, 2011, 1:48 PM EST) -- A New York attorney pled guilty Tuesday to his part in a $23 million fraud scheme that netted him hundreds of thousands of dollars in profit but left duped mortgage lenders out in the cold.

Queens, N.Y., real estate attorney Cheddi Goberdhan pled guilty to seven counts of bank fraud, wire fraud and conspiracy and faces a maximum sentence of 210 years in prison, according to a statement Tuesday from the U.S. Attorney’s Office for the Southern District of New York.

Goberdhan will also be required...
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