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Real Estate Fraud

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$5.78M Scam: NY Attorney Admits Defrauding 48 Victims In Real Estate Transactions $5.78M Scam: NY Attorney Admits Defrauding 48 Victims In Real Estate Transactions
$5.78M Scam: NY Attorney Admits Defrauding 48 Victims In Real Estate Transactions A New York attorney has admitted to running a scheme to defraud victims of nearly $6,000,000. Long Island resident Daniel Boldi, age 49, of Garden City acted as settlement agent and bank attorney in multiple property sales on Long Island and embezzled millions of dollars of his clients’ escrow and home loan funds, according to Nassau County District Attorney Anne T. Donnelly. The scam involved 46 separate real estate transactions between September 2020 and January 2024, Donnelly said. Boldi pleaded guilty to 13 counts of grand larceny in the second degree (a Class C felony) and o…

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by Joe Lombardi
News
Scammer Nabbed For Swindling NY Homebuyer Out Of $45K, Police Say Scammer Nabbed For Swindling NY Homebuyer Out Of $45K, Police Say
Scammer Nabbed For Swindling NY Homebuyer Out Of $45K, Police Say A man accused of bilking a New York homebuyer out of tens of thousands of dollars through an email scam has been nabbed by police. Maryland resident Emeka Ndukwu, age 50, of Lanham in Prince George's County, was arraigned on Long Island on Saturday, Oct. 1, on a felony charge of grand larceny in Nassau County Court.. Working with two other individuals, prosecutors said Ndukwu, who is a dual national of the United States and Nigeria, convinced a Garden City resident to wire a total of $45,000 to a person he believed to be a real estate attorney in October 2021. Ndukwu is accused of recrui…

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by Michael Mashburn
Politics
Trump Sues NY Attorney General In Effort To Block Probe Of Company Trump Sues NY Attorney General In Effort To Block Probe Of Company
Trump Sues NY Attorney General In Effort To Block Probe Of Company In a last-ditch bid to stop a “witch hunt” probe into his company, former President Donald Trump announced that he is suing New York Attorney General Letitia James in an effort to halt her two-year-long inquiry. Trump and his company filed the federal lawsuit on Monday, Dec. 20 to block James’ ongoing civil investigation into the Trump Organization. James had been investigating whether the Trump Organization misstated the value of certain real estate assets to obtain better interest rates, while lowering tax obligations, after the former president's former attorney Michael Cohen made those …

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by Zak Failla
News
Disbarred Attorney Charged With Stealing From Escrow Funds Accounts In Westchester Disbarred Attorney Charged With Stealing From Escrow Funds Accounts In Westchester
Disbarred Attorney Charged With Stealing From Escrow Funds Accounts In Westchester A former attorney who was disbarred is facing charges for allegedly stealing funds during real estate transactions in Westchester. Steven Hamburg, 59, of the Bronx, was arraigned in White Plains City Court on Friday, Sept. 6, where he was charged with three felony counts of third-degree grand larceny in connection to stealing from his victims’ escrow funds accounts. It is alleged that between September 2015 and September 2019, Hamburg took money from three separate victims in connection to three separate real estate transactions. Westchester County District Attorney Anthony Scarpino, Jr. s…

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by Zak Failla
News
Westchester Real Estate Developer Sentenced For Operating Ponzi Scheme, Ordered To Forfeit $58M Westchester Real Estate Developer Sentenced For Operating Ponzi Scheme, Ordered To Forfeit $58M
Westchester Real Estate Developer Sentenced For Operating Ponzi Scheme, Ordered To Forfeit $58M A real estate developer will spend time behind bars for operating a years-long $58 million Ponzi scheme that included properties in the area. Michael D’Alessio, 53, was sentenced on Friday, April 5 to six years in prison for his elaborate scheme to defraud investors in luxury real estate developments in Manhattan, the Hamptons, Westchester and elsewhere.  In addition to the prison term, D'Alessio was sentenced to three years of supervised release and order to pay forfeiture in the amount of $58,090,047. D'Alessio is the former president and CEO of real estate development firm Michael …

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by Joe Lombardi
Police & Fire
Man Says Stepmother Stole His Northern Westchester Home Through Forged Signature Man Says Stepmother Stole His Northern Westchester Home Through Forged Signature
Man Says Stepmother Stole His Northern Westchester Home Through Forged Signature A man claims his stepmother stole his Northern Westchester house by forging his signature and using an invalid notary stamp on a new deed. Peter Parraglia told the WNBC News 4 I-Team that in October, his stepmother, Barbara Kessman-Parraglia had the deed transferred to her name for $10. The only problem, he said, is that he never signed over his Katonah home, where he lives with his wife and two children, the news channel reported. Another twist to the plot is that the notary public who certified the transaction was listed as Parraglia's father, Patrick Edward Parraglia. When I-Team …

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by Kathy Reakes
News
Investors Seek $17M From Westchester Developer In Fraud Suit Investors Seek $17M From Westchester Developer In Fraud Suit
Investors Seek $17M From Westchester Developer In Fraud Suit More investors from Westchester and Connecticut are demanding at least $17 million in damages and a court order stopping White Plains developer Michael D’Alessio and Michael Paul Enterprises from selling or transferring properties. They claim he misappropriated their funds on housing projects in Scarsdale and Manhattan. D’Alessio and his enterprises carried out a massive scheme to defraud them, investors allege in three lawsuits filed in Westchester Supreme and County Court. The Westchester Bank also sued, demanding $881,000 on a $1 million loan D’Alessio took out in 2015, according to new…

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by Jon Craig