Former Falmouth attorney sentenced to 51 months for bank fraud

Sentence includes payment of $2.9 million in restitution

A former Falmouth attorney pleaded guilty to two counts of wire fraud and was sentenced to 51 months in prison today, according to an FBI release.  US District Judge Patti B. Saris sentenced Craig J. Martin, 54, of Falmouth, to 51 months in prison, to be followed by two years supervised release.  Martin, who practiced law in Taunton, MA, must also pay $2.9 million in restitution.

According to the release, Martin, as a closing attorney for real estate transactions, received mortgage loan funds from lenders to be held in an attorney trust account and used for closings. Rather than using the funds to pay off mortgages on the properties, Martin misappropriated more than $3 million and falsified loan closing documents to cover his tracks.

The case was tried by US Attorney Carmen Ortiz's Office. welcomes thoughtful comments and the varied opinions of our readers. We are in no way obligated to post or allow comments that our moderators deem inappropriate. We reserve the right to delete comments we perceive as profane, vulgar, threatening, offensive, racially-biased, homophobic, slanderous, hateful or just plain rude. Commenters may not attack or insult other commenters, readers or writers. Commenters who persist in posting inappropriate comments will be banned from commenting on