White-Collar Crime

Lawyer Who Is Also a Rabbi Takes Plea in Mortgage-Fraud Case, Will Give Up Practice for 1 Year

After beating the rap in an earlier trial, a Connecticut lawyer has taken a plea in a mortgage-fraud case.

Rabbi David Avigdor, 58, pleaded guilty this week to making a false statement on to the U.S. Department of Housing and Urban Development concerning a real estate closing, the New Haven Register reports.

While acting as the settlement agent in the transaction, he incorrectly reported how the funds were disbursed, the prosecution said.

He faces a maximum sentence of one year and a $100,000 fine. Avigdor also agreed to pay $20,000 toward restitution prior to sentencing, to surrender his law license for a year and to refrain from doing real estate closings if he returns to practice.

Earlier coverage:

ABAJournal.com: “Ex-Lawyer and Lawmaker Gets 5 Years for Handling Closings for Mortgage Fraud Ring”

We welcome your comments, but please adhere to our comment policy and the ABA Code of Conduct.

Commenting is not available in this channel entry.