May 14, 2026 - 11:58

A former New York City judge who stepped down in 2023 amid a professional misconduct probe now faces federal charges for allegedly orchestrating a real estate fraud that bilked investors out of at least $5 million. Prosecutors say the ex-judge abused his legal authority and public trust to lure victims into bogus property deals, then funneled the stolen money into personal expenses.
According to court documents, the scheme ran for several years and involved the former judge promising high returns on real estate investments. Instead of delivering on those promises, authorities allege he diverted the funds to cover his own bills, including credit card payments, mortgage costs, and personal loans. The indictment claims he used his position to make the deals appear legitimate, often citing his judicial background to gain credibility with investors.
The defendant resigned from the bench in 2023 after a state judicial conduct commission began investigating complaints about his financial dealings. The criminal charges, unsealed this week, include wire fraud and money laundering. If convicted, he faces up to 20 years in prison on the most serious counts.
Federal investigators say the case highlights the vulnerability of investors who trust professionals with authority. The former judge is expected to appear in court later this month. His attorney has not yet commented on the allegations.
September 26, 2026 - 02:46
Data Centers and AI Take Center Stage at Memphis Commercial Real Estate SummitCommercial real estate professionals gathered in Memphis to examine how artificial intelligence and data center development are reshaping the local property market. The Memphis Area Association of...
September 25, 2026 - 17:22
McDonough School of Business Names Kelly Nagel to Lead Real Assets DivisionThe McDonough School of Business has appointed Kelly Nagel as its new head of real assets and real estate. In this role, Nagel will oversee the full range of real estate offerings at the school...
September 25, 2026 - 02:24
Foreclosure Looms for Major Dallas Office Tower Over Unpaid LoanLenders have moved to foreclose on a prominent office high-rise in downtown Dallas after the property`s owners failed to repay a $79 million loan. The building at 2100 Ross Ave., a 33-story tower,...
September 24, 2026 - 18:10
Albany Center Square Apartment Building Changes Hands for $1.55 MillionA 13-unit apartment building in Albany`s Center Square neighborhood has been sold for $1.55 million. The buyer, DRM Property Development LLC, purchased the property from the DeThomasis brothers,...