Attorney’s Conviction For Role In Mortgage Fraud Upheld By 7th Circuit

Mealey's (August 14, 2019, 2:09 PM EDT) -- CHICAGO — A Seventh Circuit U.S. Court of Appeals panel on Aug. 9 affirmed a federal judge in Illinois’ ruling finding an attorney liable for his role in a mortgage fraud scheme, holding that the Illinois LLC Act did not shield him from liability because he was aware that the loan applications he was handling contained misrepresentations and that they were submitted on behalf of straw buyers (Fifth Third Mortgage Co. v. Ira Kaufman, No. 18-3295, 7th Cir., 2019 U.S. App. LEXIS 23807)....