Boston Feds Pinch Closing Attorney For Allegedly Pocketing $400K+ In Real Estate Escrow Cash; Closing Proceeds Meant To Pay Off Existing Mortgages

In Boston, Massachusetts, the Eagle Tribune reports:

• Attorney Daniel S. Braese, who once aspired to be a town selectman, misappropriated more than $400,000 that was supposed to pay off mortgage payments in real estate closings he handled, federal prosecutors allege in court documents filed this week.



• Braese, 47, [...] faces two counts of bank fraud and one count of making a false statement in a Federal Housing Administration transaction — charges stemming from an investigation by several agencies into his alleged mortgage loan fraud. U.S. Attorney Carmen M. Ortiz's office filed the charges against Braese Wednesday in Federal District Court in Boston.

For more, see Feds say attorney obtained more than $400,000 illegally.

For the U.S. Attorney press release, see Woburn Attorney Charged With Fraud In Real Estate Closings.