A Backyard Metropolis, Lengthy Island lawyer was slapped with 4 to 12 years behind bars for defrauding and embezzling $6.2 million from 52 victims, the Nassau County District Lawyer’s Workplace stated Tuesday.
Between 2020 and 2025, Daniel Boldi, 50, stole greater than $4.7 million in escrow funds by his eponymous regulation agency, Boldi Regulation Group, P.C., along with lifting $1.15 million in outright mortgage fraud in two different offers — bilking householders, actual property brokers and different property gross sales professionals alike.
Final October, Boldi pleaded responsible to 13 counts of second-degree felony grand larceny and one first-degree felony depend of scheming to defraud, surrendering his regulation license within the course of.
Up to now, he has not paid again a cent. Tuesday’s sentence additionally included greater than $6.2 million price of civil judgement orders issued on behalf of the 52 victims.
“Daniel Boldi’s clients trusted him to safeguard their money during the homebuying process, but he ultimately betrayed them with his greed,” Nassau County District Lawyer Anne Donnelly stated Tuesday in a press release. “The ripple effects of his theft are devastating. … My office won’t allow the people of Nassau County to be cheated by predatory criminals who pose as upstanding professionals. When someone abuses their power like this, we will expose them.”
Boldi would inform homebuyers and sellers that his escrow account had not obtained funds from their lending establishment, when it actually had, maintaining the cash as a substitute. In at the very least one case, that left a pair who had bought their East Meadow residence on the hook for paying “the mortgage for a home they no longer own,” in keeping with Nassau County District Lawyer Anne Donnelly.
Boldi spent the ill-gotten beneficial properties on “various personal expenses unrelated to the victims’ transactions, including Venmo payments to other individuals and property investments,” prosecutors stated.
