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BROOKLINE

Lawyer gets 12 years in property fraud

January 21, 2011

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Eric Levine, a former Brookline lawyer who federal prosecutors described as the leader of a large mortgage fraud ring, was sentenced to 12 years in prison yesterday. Levine, 58, was convicted in June of conspiring to commit fraud in the sale of 21 properties, most of them in and around Dorchester, through a scheme that involved the use of straw borrowers who never planned to live in the houses. Levine and 10 other defendants were accused of being part of a ring that created false documents and inflated the purchase price of the houses so the defendants could obtain mortgage loans that far exceeded the purchase prices. A federal jury found Levine guilty of multiple counts of wire fraud and money laundering.

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