White-Collar Crime

Closing Attorney Faces 27 Counts in Federal Mortgage Fraud Case

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A Massachusetts lawyer accused of serving as a closing attorney on multiple deals in a Boston-area mortgage fraud case has been charged with a total of 27 counts of wire fraud, bank fraud and money laundering.

Michael R. Anderson, 41, allegedly worked with a developer and a bank manager, in a claimed scheme that involved false information provided to lenders and straw buyers, reports the Boston Globe.

Some 100 properties reportedly went into foreclosure.

If convicted, Anderson could be sentenced to a maximum of 10 to 30 years on each count.

His lawyer couldn’t be reached by the newspaper for comment.

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