Friday, November 22, 2013

A Change Of Real Estate

As we used to say at Bar Counsel

Another day, another batch of disbarments.

Here's one from the Iowa Supreme Court that involves "an experienced real estate attorney, [who] is serving a three-year sentence in federal prison after a jury convicted him on nine felony counts, aleging bank fraud, wire fraud, and conspiracy."

The crimes involved nine real estate transactions where the HUD - 1 statements" overstated the sales prices to secure inflated mortgage loans."

The attorney had offered to surrender his license if the conviction was affirmed. The court noted that he made no furtjher submission after it was affirmed and instead ordered license revocation. (Mike Frisch)

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