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Closing Attorney to Lose License

 
January 7, 2009


The closing attorney for an alleged mortgage fraud ring pleaded guilty to charges of mail fraud and money laundering conspiracy related to mortgage fraud and drug dealing.

Demetrius Rainer agreed to plead guilty to the charges that could send her to prison for five to 30 years and fines of up to $2 million. Rainer had waived her right to a grand jury indictment and speedy trial. As part of her plea agreement, Rainer must surrender her law license within 60 days.

Read story at The Charlotte Observer


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