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Peter Saad, age 46, of Calverton, surrendered to the Suffolk County District Attorney’s Office on Wednesday, Dec. 13, to face charges of grand larceny.
Saad is the principal attorney at the Law Office of Peter A. Saad, Jr., PC, based in Riverhead.
Prosecutors said he stole $25,000 from his attorney escrow account over a two-month period in 2020 after representing a client in the sale of his home.
The money was left in the escrow account after permit issues were discovered on the home.
After the closing, Saad cut all contact with the parties and kept the escrow money, prosecutors said. He allegedly spent the money on personal expenses.
His law license was suspended in June 2022.
Appearing in Suffolk County Court on Wednesday, Saad was arraigned on two counts of grand larceny, both felonies.
He was released on his own recognizance and is due back in court in January 2024.
Investigators asked anyone who may have been a victim of Saad’s to contact the Suffolk County District Attorney’s Office at 631-853-4626.
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