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The Boston Globe

Business

Mansfield developer facing trial, but still in real estate

More than a year after Michael David Scott was charged with running a massive mortgage scam, the Mansfield developer works as a licensed broker selling distressed properties, raising concerns among other Massachusetts real estate professionals about his continued involvement in the industry.

Scott, 46, is awaiting trial after pleading not guilty in US District Court in Boston in 2010 to 68 charges related to allegations that he cheated mortgage lenders. The charges involve the sales of dozens of Dorchester and Roxbury condominiums between 2006 and 2008. Federal prosecutors say that he, two out-of-state recruiters, and others obtained funds to finance deals through “false and fraudulent pretenses’’ in a scam involving the conversion of multiple-family homes into condominiums, many of which went into foreclosure.

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