A Long Island real estate attorney pleaded guilty to stealing more than $ 350,000 from clients, including $ 300,000 that belonged to a man in his eighties, according to Suffolk District Attorneys.
North Massapequa, 57-year-old Peter Rand was sentenced to a grand theft in the second and third degree, according to the bureau. He said he used the money on "various personal and business expenses, including retail purchases, restaurants" and a car purchase.
As part of a plea, he will be sentenced to two to six years in prison if he fails to make the remaining refund of $ 243,236.39. The judge in the case is Acting Justice of the Suffolk County Supreme Court, Fernando Camacho.
A message with Rand's attorney, listed on online court records as Matthew Brendan Tuohy, was not immediately returned.
The DA's press release stated that Rand was named trustee of the man in his irrevocable '80s trust, sold properties brought into the trust and stole approximately $ 300,000 from the trust between 2014 and 2015, who included the proceeds of the sale, write checks to yourself from the trust or put a portion of the proceeds from the property sale into his own escrow account, then write checks to yourself or withdraw cash. "
"After Rand stole the funds, he returned approximately $ 111,000 to the trust," the press release said.
Public relations related to Rand's charges in January resulted in other victims complaining to the DA office. Rand was found to have stolen an additional $ 51,536.39 from four other victims.
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Matthew Chayes, a Newsday reporter since 2007, covers New York City Hall.