Just another reason to hate the Dallas Cowboys

[Gscottnc5]

http://www.latimes.com/sports/nationworld/wire/sns-ap-fbn-ex-cowboy-mortgage-fraud,0,6693133.story

Former Dallas Cowboy Eugene Lockhart arrested, charged in mortgage fraud scheme

DALLAS (AP) — Former Dallas Cowboys linebacker Eugene Lockhart was arrested Thursday after he was indicted with eight others in an alleged mortgage fraud scheme that swindled more than $20 million from several home lenders, federal officials said.

The U.S. Attorney's Office said Lockhart and the others made 54 fraudulent loan closings for single-family homes in the Dallas area that totaled about $20.5 million. The scheme started in February 2001 and involved obtaining loans to buy distressed or pre-forclosure properties sold at inflated prices. The defendants kept the surplus loan proceeds, according to the federal indictment.

Authorities allege the group recruited "straw" buyers and purchasers and doctored financial statements so the lender would approve the loans.

Link for more of the article............

[Darth Biscuit]

I can't hate them any more than I already do though...

[Gscottnc5]

I can't hate them any more than I already do though...

Mortgage fraud in the long run just drives up bank fees and\or could make it more difficult to get a mortgage. So maybe that will help you hate some more.

[Raskle]

You actually need a reason to hate those spoiled brats??

And yeah, it sucks that there are people in this world who will do anything to make a buck, no matter how dishonest it is.