Former Cowboys linebacker charged with $20 million mortgage fraud

By Calvin Palmer

A former Dallas Cowboys linebacker is due to appear in court after being arrested today as part of an investigation into mortgage fraud.

The FBI said Eugene Lockhart, 48, of Carrollton, Texas, along with eight others, has been charged with conspiracy, bank fraud, wire fraud and other crimes.

Lockhart and the others made 54 fraudulent loan closings to the tune of more than $20 million. The alleged scheme involved obtaining loans to buy distressed or pre-forclosure properties in the Dallas area at inflated prices.

If convicted, Lockhart and his co-conspirator Lendell Beacham, 50, of DeSoto, could face up to 30 years in prison and a $1 million fine.

Lockhart played for the Cowboys from 1984-1990 and New England Patriots in 1991-92. He recorded 16 career quarterback sacks and made six interceptions, returning one for a touchdown.

[Based on reports by the Associated Press and The Dallas Morning News.]

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