Monday, May 12, 2008
Maryland Man Heads To Prison For Defrauding Lenders
David Lincoln, 38, Baltimore, Maryland, was sentenced to 15 months in prison, followed by three years of supervised release for wire fraud arising from a mortgage fraud scheme in Maryland and Florida.
As previously reported by Mortgage Fraud Blog, Lincoln and co-defendant Rachel Donegan, an attorney, worked at 1st Metropolitan Mortgage and Guilford Title and Escrow in Baltimore, preparing mortgage applications and assisting in mortgage closings. According to their plea agreements, from January 2005 to December 2006, Donegan and Lincoln participated with Yolanda Crawley and Shawn Michael Green in a scheme to wire mortgage applications to mortgage companies which contained false representations about Crawley and Green‘s income and employment. The fraud scheme allowed Crawley to secure loans for properties in: Wellington, Florida valued at over $1 million; West Palm Beach, Florida valued at $500,000; and Columbia, Maryland valued at $316,000. The fraud scheme also allowed Green to secure loans for property at 2339 Eutaw Place, Baltimore, Maryland valued at $300,000.
Donegan, 38, Baltimore, Maryland, and Crawley, 59, West Palm Beach, Florida, pleaded guilty to the same charge. Donegan was sentenced to 18 months probation and Crawley is scheduled to be sentenced.
Shawn Green, 41, Columbia, Maryland, is charged in a separate indictment with conspiracy to distribute cocaine from 1998 to 2007 and conspiracy to commit money laundering from 2004 to 2007. The indictment seeks forfeiture of $4 million, which is based on a minimum of 200 kilograms of cocaine at $20,000 per kilogram, and includes the properties in Baltimore and Florida involved in the fraud scheme. An indictment is not a finding of guilt. An individual charged by indictment is presumed innocent unless and until proven guilty at some later criminal proceedings. Green is a fugitive.
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Rachel Dollar is an attorney and Certified Mortgage Banker who handles fraud recovery litigation for lenders and secondary market investors nationwide. She is a nationally recognized speaker on the topic of mortgage fraud. Ms. Dollar is licensed to practice law in California and maintains offices in Santa Rosa, California. 
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