Framingham lawyer charged with role in alleged Dorchester condo-flipping scheme

The US Attorney's office in Boston today named Michael R. Anderson, 41, of Framingham, as a player in a scheme to profit through bogus financing deals on 27 Dorchester condos by forging mortgage applications from people who had no plans to actually live in the units.

In an "information" in US District Court in Boston, the feds allege Anderson - who practices in Stoneham - worked with Michael David Scott, a Dorchester real-estate broker indicted last month on 62 federal counts related to the alleged scheme. In a statement, the US Attorney's office says:

The Information further alleges that Anderson caused mortgage loan proceeds to be disbursed to Scott. In most instances, the straw buyers obtained residential mortgage loans for properties that they never intended to live in. While the lenders (mortgage companies and one bank) were led to believe they were lending to residential purchasers who had made substantial down payments, the developer and others recruited buyers by representing the purchases to them as a no-money-down "investment" opportunity. The "investors" were assured that they would not have to make any down payments, pay any closing costs, or pay expenses relating to the maintenance of the units, but would share in profits when the units were sold.

Complete information on Anderson.

Innocent, etc.