A Garfield, N.J., lawyer who is also the town's judge may have played a central role in a scheme to defraud lenders by obtaining mortgages based on inflated appraisals of rundown properties. A state civil suit points to solo William Colacino Jr. as the lawyer referred to in a federal criminal case as "W.C.," an unindicted co-conspirator whose legal services, law office, attorney bank accounts and legal assistant were allegedly used in the scheme.
November 30, 2007 at 12:00 AM
1 minute read
The original version of this story was published on National Law Journal
A Garfield, N.J., lawyer who is also the town’s judge may have played a central role in a scheme to defraud lenders by obtaining mortgages based on inflated appraisals of run-down properties.
A state civil suit points to Garfield solo William Colacino Jr. as the lawyer referred to in a federal criminal case as “W.C.,” an unindicted co-conspirator whose legal services, law office, attorney bank accounts and legal assistant were allegedly used in the scheme.
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