Showing posts with label Escrow. Show all posts
Showing posts with label Escrow. Show all posts

Wednesday, October 1, 2014

Lawyer Timothy Griffin Accused of Spending Clients' Cash on Club, Cars....

Authorities say Bronxville lawyer Timothy Griffin lived large — and stole over $1 million from his clients to help pay for it.

Griffin, 54, who has also worked as a prosecutor for the village, was arrested Thursday, accused of taking money from clients that was supposed to be held in escrow accounts.

Instead, according to the state Attorney General's Office, between April 2009 and February 2014, he stashed the cash in his personal bank account and used it to pay for a membership at the Waccabuc Country Club, a BMW, a Lexus, expensive jewelry and other personal items.

Griffin, who lives in Ridgefield, Connecticut, and has a practice at 77 Pondfield Road in Bronxville, was arraigned Thursday in New Rochelle City Court before Judge Susan Kettner on seven counts of felony grand larceny. He was released without bail and is due back in court on Oct. 7.

"Clients must be able to trust their attorneys, and abusing that trust is both unethical and illegal," state Attorney General Eric Schneiderman said in announcing Griffin's arrest.

Investigators said the thefts came to light after Griffin was charged with grand larceny in another case earlier this year, in which he was accused of stealing $1.9 million that was supposed to be held in escrow for United Hebrew Cemetery in Staten Island. Griffin had been serving as acting president of the cemetery since 2012, after the former president and his wife were found guilty of embezzling $850,000.

Griffin was indicted on a felony grand larceny charge in February and faces up to 25 years in prison if convicted in the Staten Island case; he faces an additional 25 years if convicted of the new charges.

Full Article and Source:
A.G.: Bronxville lawyer spent clients' cash on club, cars

Monday, February 17, 2014

Disbarred NY Lawyer, Robert Fontanelli, Indicted in $1 Mil Escrow Theft

A former attorney arrested last week by state police after an upstate traffic stop has been indicted for stealing the proceeds of a $1 million real estate transaction in Brooklyn from a client. Robert Fontanelli, 48, was charged by a grand jury with first-degree and second-degree grand larceny, both felonies, and faces up to 81/3 to 25 years in prison if convicted, according to the Brooklyn District Attorney's office.

Fontanelli is accused of draining the funds from the escrow account in which he deposited the proceeds of the sale of the mixed residential and commercial property at 798 St. John's Place in Crown Heights.

Authorities in Brooklyn said Fontanelli's client, Jean Apolon, never received any money from the December 2012 transaction.

"A lawyer's escrow account represents a sacred trust between himself and his client," Brooklyn District Attorney Kenneth Thompson said in a statement. "Stealing from that account violates that trust and is a stain on the profession."

Financial crime investigators in the Brooklyn D.A.'s office said Fontanelli, who had been a solo practitioner, used the money from the escrow account to pay the rent on an office at 32 Court St. in Brooklyn and to operate his business.

Full Article and Source:
Disbarred Lawyer is Indicted in $1 Million Escrow Theft