Two plead guilty to mortgage scheme

August 25, 2007

A Baltimore attorney and a mortgage broker have pleaded guilty to charges related to a mortgage scheme in which they helped secure loans for two suspected drug dealers, federal prosecutors said yesterday.

Attorney Rachel Donegan admitted yesterday in U.S. District Court in Baltimore to committing wire fraud, prosecutors said. The broker, David Lincoln, pleaded guilty to the same charge Aug. 10, prosecutors said. Both worked for 1st Metropolitan Mortgage and Guilford Title and Escrow.

According to their plea agreement entered into court and made public yesterday, Donegan and Lincoln prepared false mortgage applications for two people, one from Columbia and the other from West Palm Beach, Fla.

The applications enabled the pair to secure loans for property in Florida valued at more than $1.5 million, property in Columbia valued at $316,000, and property on Eutaw Place in Baltimore for $300,000, prosecutors said.

Donegan and Lincoln, both 37, face a maximum 30 years in prison. No date has been set for their sentencing.

Prosecutors also announced yesterday that the two people who received the mortgages, Yolanda Crawley and Shawn Michael Green, were indicted on charges of conspiracy to distribute cocaine and conspiracy to launder money.

The indictment says that between 1998 and 2007, the suspects sold up to 200 kilograms of cocaine. Prosecutors said they are seeking a $4 million forfeiture that includes the properties in Florida and Maryland and the value of the drugs, at $20,000 per kilogram.

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