Iowa Supreme Court Attorney Disciplinary Board v. Marc R. Engelmann

WATERMAN, Justice.

Marc R. Engelmann, an experienced real estate attorney, is serving a three-year sentence in federal prison after a jury convicted him on nine felony counts, alleging bank fraud, wire fraud, and conspiracy. His convictions were affirmed on appeal. He represented a seller in nine real estate transactions in which he submitted HUD-1 statements that falsely overstated the sales prices in order to secure inflated mortgage loans. The jury found he “act[ed] knowingly and with intent to deceive [the lenders] for the purpose of causing some financial loss, loss of property or…