Criminal
Aug. 28, 2014
In mortgage fraud prosecution, defense lawyers blame lenders and win
Defense attorneys tried a novel theory in a mortgage fraud case in Sacramento, and got a novel outcome: complete acquittal.
Daily Journal Staff Writer
Defense attorneys tried a novel theory in a mortgage fraud case in Sacramento, and got a novel outcome: complete acquittal.
In a trial charging four defendants with defrauding mortgage lenders by lying on loan applications, attorneys used a "materiality" argument to convince a federal jury that their clients were part of a much grander financial scheme that led to the housing collapse. <...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In