Real Estate & Property Law
Bank Sues Embattled N.Y. Lawyer Alleging $1.8M Mortgage Fraud
Posted Feb 20, 2009 6:29 PM CDT
By Martha Neil
Wachovia Federal Savings Bank filed suit yesterday against a 57-year-old New York attorney, contending that he pocketed $1.8 million as part of an alleged mortgage fraud scheme concerning his deceased father's former home in the Hamptons.
George Guldi, who is a former Suffolk State Legislator, and a co-defendant allegedly misled the bank into believing that it was granting a mortgage to the co-defendant to purchase a home worth $3.5 million from Guldi, according to the Southampton Press.
Guldi's counsel didn't respond to the newspaper's requests for comment, but “If someone gave me $1.8 million, I would have remembered it,” Guldi told the Southampton Press this afternoon, declining to comment further.
The litigation was filed in Suffolk County Supreme Court in Riverhead.
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