FORMER BOSTON ATTORNEY PLEADS GUILTY IN MORTGAGE FRAUD SCHEME
BOSTON, Mass. - A former Boston attorney pleaded guilty late yesterday in federal court to mortgage fraud in connection with several properties located in Quincy and Hyde Park.
QUANG JOSEPH NGUYEN, 35, of Orlando, Florida, pleaded guilty to one count of bank fraud and six counts of wire fraud in connection with a mortgage fraud scheme.
NGUYEN, a disbarred Massachusetts attorney and the former principal of the Dorchester law firm, Nguyen & Associates, pleaded guilty to bank fraud in connection with his 2004 purchase of a property in Quincy. NGUYEN pleaded guilty to six counts of wire fraud in connection with the 2005 transfer and fraudulent financing of three additional properties in Quincy and Hyde Park. NGUYEN acted as closing attorney for all of these mortgage financing transactions, which totaled over $3 million.
NGUYEN faces up to 30 years imprisonment on the bank fraud count and up to 20 years imprisonment on each of the wire fraud counts, to be followed by three years of supervised release.
United States Attorney Carmen M. Ortiz and Robert Bethel, Postal Inspector In Charge of U.S. Postal Inspection, Boston Division, made the announcement today. The case is being prosecuted by Special Assistant United States Attorney Andrea D. Roller and Assistant U.S. Attorney Sarah E. Walters of Ortiz's Economic Crimes Unit.
Receive information regarding those charged in the Boston Marathon bombing cases.
Giving Back to the Community through a variety of venues & initiatives.
Financial Fraud Enforcement Task Force
Making sure that victims of federal crimes are treated with compassion, fairness and respect.
Stay Connected: Visit us on Twitter