Ex-Cowboy linebacker arrested in mortgage scam

Former Dallas Cowboys linebacker Eugene Lockhart was arrested Thursday after he was indicted with eight others in an alleged mortgage fraud scheme that swindled more than $20 million from several home lenders, federal officials said. The U.S. Attorney's Office said Lockhart and the others made 54 fraudulent loan closings for single-family homes in the Dallas area that totaled about $20.5 million. The scheme started in February 2001 and involved obtaining loans to buy distressed or pre-forclosure properties sold at inflated prices. The defendants kept the surplus loan proceeds, according to the federal indictment. Posted in: Internal Fraud