Bloomberg Law
Aug. 9, 2019, 8:59 PM UTC

Fifth Third Bank May Hold Attorney Personally Liable for Fraud

Julie Steinberg
Julie Steinberg
Reporter

Fifth Third Mortgage Co. beat an appeal by an attorney found personally liable for his role in a mortgage fraud scheme.

Ira Kaufman participated in numerous fraudulent closings as a seller’s attorney and owned the title company that was used for several closings, the Seventh Circuit said.

The mortgage company, part of Fifth Third Bancorp, filed seven claims of fraud against Kaufman, alleging he knew that straw buyers has been used, and had made false representations in loan applications.

Kaufman argued the district court erred in finding him personally liable for aiding the fraud in his capacity as owner ...

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