Thursday, June 14, 2012
A justice of the Massachusetts Supreme Judicial Court has denied a petition for reinstatement of an attorney who had been suspended for 18 months.
The suspension was a result of the petitioner's false representation on a HUD-1 that "buyers had made down payments when they purchased their condominiums."
The justice was "troubled" by the fact that the petitioner applied to the Bank of America for a position as a loan officer but failed disclose the suspension "for conduct that reasonably characterized as bank fraud." He also failed to disclose to BOA that Freddie Mac had put him on a list that prohibited his participation on mortgage transactions sold on the secondary market.
The peitioner is awaiting trial on federal charges for the conduct that led to the suspension. (Mike Frisch)