DALLAS – December 17, 2012 – (RealEstateRama) — Eugene Lockhart, Jr. was sentenced this week by U.S. District Judge Jorge A. Solis to 54 months in federal prison and ordered to pay approximately $2.4 million in restitution following his guilty plea to one count of conspiracy to commit wire fraud, stemming from his leadership role in a massive mortgage fraud scheme that he and others ran in the Dallas area from approximately 2002 to 2005. Lockhart, of Carrollton, Texas, is the last of 10 defendants who were convicted in the scheme to be sentenced.
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