A lawyer who practices in Boston has been charged with multiple counts of wire fraud and money laundering in connection with an alleged mortgage fraud scheme in Braintree and Malden, the US attorney’s office said.
Stuart H. Sojcher, 57, who lives in Leominster, was arraigned Friday following a grand jury’s indictment. It alleged that Sojcher in 2006 submitted fake documents to two mortgage lenders and pocketed most of $1.3 million in sales rather than pay off prior mortgages.
In a separate case, Sojcher, who is free on $25,000 bail, allegedly served as a closing attorney for a real estate sale and stole the proceeds instead of giving the money to the seller.
If convicted, he faces up to 20 years in prison on wire fraud charges and 10 years on money laundering charges, in addition to a $250,000 fine on each count.