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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.
February 09, 2009 at 12:00 AM
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The original version of this story was published on Law.Com
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