Lawyer Sentenced for Real Estate Fraud

A Towson attorney got 15 months in federal prison for orchestrating a real estate fraud scheme that fooled banks into approving inflated loans. Working with Alexander Schultz, he staged fake deals around Coventry Manor, cooking two contracts—one showing a $7.8M sale, another secretly pegging it at $6.9M. They manipulated seller credits, invented a fake “Reno Credit,” and even bribed a lawyer to help pull it off. Rappaport’s law firm pocketed a massive seller fee while the banks were left in the dark. He was also involved in another scheme where homes were bought cheap, flipped for profit, and lenders misled about true prices. Justice caught up—now he’s behind bars for conspiring to defraud financial institutions. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/1b17d63b356436f5