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White-Collar Crime

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

Posted Mar 22, 2012 4:05 PM CDT
By Martha Neil

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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"

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