Mortgage Broker Sentenced in Mortgage Fraud Scheme
Baltimore, Maryland - U.S. District Judge J. Frederick Motz sentenced David Lincoln, age 38, of Baltimore, today to 15 months in prison, followed by three years of supervised release for wire fraud arising from a mortgage fraud scheme, announced United States Attorney for the District of Maryland Rod J. Rosenstein. Judge Motz also ordered Lincoln to pay restitution of $200,000.
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 in Baltimore valued at $300,000.
Donegan, age 38, of Baltimore and Crawley, age 59, of West Palm Beach, Florida, pleaded guilty to the same charge. Donegan was sentenced to 18 months probation and Crawley is scheduled to be sentenced on April 25, 2008.
Shawn Green, age 41, of 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.
United States Attorney Rod J. Rosenstein praised the Immigration and Customs Enforcement - Drug Money Laundering Initiative and the Internal Revenue Service - Criminal Investigation for their investigative work. Mr. Rosenstein thanked Assistant U.S. Attorney Kwame J. Manley, who prosecuted the case.