Bloomberg) -- Former Dallas Cowboy football player
Eugene Lockhart was indicted by a federal grand jury along with
eight others in a $20.5 million mortgage scheme that ran from
2001 to 2005, Dallas U.S. Attorney James T. Jacks said.
Lockhart, known as “Mean Gene the Hitting Machine’’ during
his career with the Cowboys during the late 1980s, was arrested
by the FBI this morning and will be arraigned on charges of
conspiracy to commit bank fraud and wire fraud before a U.S.
magistrate in Dallas federal court this afternoon.
Lockhart was involved with several real estate entities,
many of which incorporated either “America’s Team’’ or
“Cowboys’’ in their names, Jacks said in a statement released
by his office. The conspirators concentrated on distressed or
pre-foreclosure properties in the Dallas area and used investors
as “straw borrowers’’ to falsify mortgage applications, Jacks
said.
“The scope of the conspiracy involved approximately 54
fraudulent residential property loan closings resulting in the
funding of approximately $20.5 million in fraudulent loans,’’
Jacks said.
Lockhart played nine years as a linebacker in the National
Football League, including seven with the Cowboys, who drafted
him in the sixth round in 1984 out of the University of Houston.
Lockhart finished his career with 16 sacks, six interceptions
and one touchdown. He retired after the 1992 season, spending
his final two years with the New England Patriots.
The case is U.S. v Lockhart et al and hasn’t been assigned
a case number in the U.S. District Courts, Northern District of
Texas (Dallas).
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