November 22, 2010
J. Daniel Lindley, 64, today became the latest person to get prison time for pocketing money on "flipped" properties in Dorchester and surrounding areas.
A federal jury in Boston earlier this year found Lindley guilty on 40 of 61 counts of wire fraud, conspiracy to commit wire fraud and money laundering. He was charged with conspiring with ten other people in 2005 and 2006 to submit mortgage documents with inflated values filed by straw buyers who had no intention of making any payments. The US Attorney's office in Boston says the ring defrauded lenders of $10.6 million.
Among the properties prosecutors say were involved in the fraud: 5 Coleman St., 21 Mascot St., 67 Milton Ave., 19-21 Vera St., 60 Thetford Ave., 96 Thetford Ave., 5 Holiday St. and 7 Claridge Terrace in Dorchester and 48 Wood Ave. in Mattapan.
Last month, another ring member, Daniel Appolon, got a 3 1/2-year sentence for his role.
