Stuart H. Sojcher, a Boston attorney, has been indicted by a federal grand jury on four counts of wire fraud and six counts of money laundering related to a mortgage fraud scheme involving properties in Braintree and Malden.

Sojcher was arrested and arraigned on Friday, according to the Department of Justice. If convicted, the Boston attorney faces a maximum of 20 years in prison on the wire fraud charges and 10 years in prison on money laundering charges, which will be followed by three years of supervised release, restitution and a $250,000 fine on each of the counts.

"Sojcher submitted fraudulent loan documents to two mortgage lenders and then misappropriated most of the $1.3 million in proceeds rather than paying off the prior mortgages as directed by the lenders," according to statement from the Department of Justice. Sojcher is also alleged to have "agreed to perform a closing in connection with a legitimate property purchase, but pocketed the proceeds of that loan, along with the down payment made by the buyers, rather than paying the proceeds to the seller."