Former Dallas Cowboys linebacker Eugene “The Hitting Machine” Lockhart was arrested at his Carrollton home Thursday morning by FBI agents after being indicted on mortgage fraud charges. Read more on Eugene Lockhart’s arrest below.
Eugene Lockhart, 48, and eight other people were indicted by a federal grand jury on various charges which included conspiracy, bank fraud and wire fraud. Their scheme reportedly involved approximately 54 fraudulent residential property loan closings that funded $20.5 million in fraudulent loans.
Lockhart, who is a former linebacker for the Dallas Cowboys (1984-90), and co-conspirator Lendell Beacham, 50, of DeSoto, were scheduled to appear before a federal magistrate at 1 p.m. If convicted, they could face up to 30 years in prison and a $1 million fine.
The indictment alleges that Eugene Lockhart and other people involved would locate a home for sale in the Dallas area, which included pre-foreclosure properties, and would negotiate the price with the seller. Then they made surplus loan proceeds by inflating the sales price to an arbitrary amount that was much more than the fair market value of the residence.
The statement from the U.S. Attorney’s office added that the group recruited individuals to submit false financial information and act as “straw purchasers” or “straw borrowers,” promising to pay them a bonus or commission for their participation.
Others named in the indictment were William Randolph Tisdale Jr., 45, who is serving a federal sentence on unrelated charges; Hubert Jones III, 39, of Garland; Patricia Ortega Suarez, 55, of Dallas; Suzette Switzer Hinds, 45, of Dallas; Michael Anthony Caldwell, 49, of Arlington; Donna Lois Kneeland, 45, of Grand Prairie; and Bryan Moorman, 67, of Mesquite.
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