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Mortgage Fraud

Indictments for mortgage fraud in Massachusetts and throughout the country are on the increase. Federal prosecutors are targeting developers and investors where there is a significant experience of foreclosure rates and failed condominium complexes. Prosecutors are scrutinizing the sales tactics and the closing papers to determine if any false representations have been made at any step of the marketing and purchase process.

Prosecutions for mortgage fraud can fall into a number of subgroupings. These range from allegations of traditional bank fraud (i.e., material misrepresentations made to a bank who is providing the mortgage) and wire or mail fraud (transmission of material misrepresentations by computer, telephone, fax, mail, etc.) to complex conspiracies involving straw buyers and money laundering.

While ignorance of the law is not a defense, ignorance of wrongdoing is. Often financial crimes are perpetrated by third parties without the knowledge of the accused. Mistakes of fact or inaccurate advice from a licensed professional may also constitute a defense depending upon the circumstances. In federal court, such defenses are usually rebutted by the prosecutor with a willful blindness instruction. In other words, a defendant who is faced with evidence that he (or she) is involved in an illegal scheme, cannot stick his head in the sand and purposefully remain ignorant of the illegality.

Mr. Budreau regularly represents clients accused of financial crimes including mortgage fraud, bank fraud, money laundering, embezzlement and tax evasion. Press here to review some of the cases defended by Mr. Budreau.

Contact James Budreau at 617 366-2200 (Ext 113) for a completely confidential consultation.

Disclaimer: The information contained in this website does not constitute legal advice nor should it be relied upon in making any legal decisions. You should always consult with a lawyer directly to determine what your legal rights are. This web site and its content is not a substitute for direct legal advice from a lawyer.

The Law Offices of James Budreau is a Boston Criminal Defense Firm with a specialty as federal criminal lawyers, Massachusetts criminal lawyers, Boston criminal lawyers, white collar defense lawyer and a Vemont federal lawyer.

    Whether fighting the United States government, local prosecutors, large banks or conglomerates, Jim has consistently won verdicts or resolved cases to his clients advantage.
    Each client's legal needs and goals are unique. Applies cutting-edge legal analysis and forensic tools to address these concerns and obtain the best possible outcome for each client.
    Success is not just about finding the right legal precedent, but how to apply it to each client's needs. Jim has years of experience in courtroom tactics and persuading juries and judges on fundamental and complex legal issues.