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NC lawyer convicted in mortgage scam

On the heels of news that a Chesterfield County ex-lawyer will be doing two years in prison for a mortgage rescue scam comes word that a Charlotte-area lawyer now faces the prospect of much more federal prison time.

A jury yesterday convicted Victoria Sprouse in a $15 million mortgage fraud scheme, reports The Charlotte Observer.

According to a prosecutor, Sprouse ran a “one-stop mortgage fraud shop” in her busy real estate practice, where she handled 3,000 closings a year.  The government portrayed her as a calculating lawyer who contributed to a wave of foreclosures in the Charlotte area.

Sprouse, a Virginia native, began practicing law in North Carolina in 1997, the paper reports.  Prosecutors said she engaged in fraud from 2000 to 2004.

Sprouse could face 25 years to life in prison when she is sentenced.

By Peter Vieth

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