Attorney and Ex-Lawmaker George Guldi Is Convicted in $853,000 Insurance-Check Fraud
Posted Feb 17, 2011 1:13 PM CDT
By Martha Neil
Apparently unconvinced by George Guldi's testimony that someone else must have typed his fire insurer's name onto the back of an $853,000 check made co-payable to both of them, a New York jury has convicted the attorney and former Suffolk County legislator on grand larceny and insurance fraud charges.
After the Suffolk County Supreme Court verdict yesterday, Guldi was jailed in lieu of $500,000 cash or a $1 million bond, according to the Long Island Press.
The amount of the check issued by Guldi's insurer following a fire at his home has been variously reported as $853,000 and $863,000.
He could get as much as 15 years in prison when he is sentenced, according to the article.
Guldi also testified at trial that someone else must have deposited the check into a New York City bank account described by the prosecution as Guldi's.
Prior ABAJournal.com coverage: