- Associated Press - Saturday, October 29, 2016

TRENTON, N.J. (AP) - State authorities say a lawyer who conspired to steal more than $800,000 by using stolen or fictitious identities to file fraudulent mortgage loan applications is now headed to prison.

Michael Palmer received a four-year sentence Friday and also must pay restitution for any losses not yet recovered by his victims. The 57-year-old Clifton man, who had a law practice in Passaic, also surrendered his law license.

Palmer had pleaded guilty in March to conspiracy to commit theft by deception and money laundering.

He admitted defrauding lenders in connection with $481,903 mortgage loan for a residential property in Elizabeth and another mortgage loan for $319,113 for a residential property in Passaic. Palmer conspired with other defendants in the two fraudulent real estate sales that induced the lenders to make the loans.



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