Former Charlotte, N.C.,  lawyer Michelle Mallard, 46, pleaded guilty midtrial on July 10 to mortgage fraud-related charges, and faces a maximum of 70 years in prison.

Charges against Mallard include mortgage fraud conspiracy, money laundering conspiracy and embezzlement in violation of the wire fraud statute. She is one of 91 defendants netted to date in a mortgage fraud investigation that began in 2007 called Operation Wax House. Thus far, 72 defendants have pleaded guilty.

Source: The Legal Description

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