The bogus world of a New York attorney who built a profitable business on title insurance while earning high fees on real estate closings came crashing down on Friday as a federal jury convicted him in a subprime mortgage scam. Alexander M. Kaplan's defense lawyer argued that Kaplan was "played for a dummy" by the "ringleader" of the scam. But prosecutors persuaded the jury that Kaplan played a pivotal role in a wide-ranging conspiracy that ripped off lenders of millions of dollars.
N.Y. Attorney Convicted of Mortgage Fraud
New York Law Journal
February 9, 2009