Friday, February 15, 2008

Manhattan real estate lawyer pleads guilty in $2.1 million theft

Manhattan prosecutors say a real estate attorney has pleaded guilty to stealing $2.1 million from clients to pay his personal expenses and run his law office.

Sixty-six-year-old Mount Kisco resident Ira Berman pleaded guilty Thursday to grand larceny in exchange for a sentence of three to nine years in prison. He also agreed to sign a document acknowledging he still owes victims the money.

Prosecutors say the funds Berman stole were real estate down payments deposited into the escrow account of his Manhattan firm.

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