Floral Park Attorney Blew $1.2M On Strip Clubs, Luxury Hotels Using Stolen Client Funds: DA
A Long Island real estate attorney is accused of stealing more than $1.2 million in client funds that instead went toward luxury hotels, restaurants, and strip clubs, prosecutors said.
Terrance Dougherty, 36, of Oyster Bay, was arraigned on fraud and related charges in Nassau County Court on Wednesday, April 30, stemming from a case that District Attorney Anne Donnelly decried as a “disgraceful abuse of trust.”
Between March 2021 and November 2024, Dougherty embezzled escrow funds from at least 20 victims while operating a law office on Jericho Turnpike in Floral Park, prosecutors alleged. …
Disbarred Calverton Attorney Who Stole $25K From Real Estate Escrow Will Dodge Prison
A disgraced Long Island attorney won’t spend a day behind bars after confessing he stole $25,000 from a real estate escrow account.
Peter Saad Jr., 48, of Calverton, pleaded guilty to grand larceny in Suffolk County on Wednesday, April 16.
Saad, a former Riverhead attorney who has since been disbarred, represented the seller in a home sale in 2020. Because of unresolved permit issues, all parties agreed that $25,000 would be held in Saad’s escrow account until those issues were resolved.
Instead, Saad stopped responding to the parties and used the funds for personal expenses, according to…
Iconic Paterson Warehouse With Giant Route 80 Sign Hits Market For $13M
The Padded Wagon building, a recognizable industrial site with a giant sign towering over Route 80 in Paterson, is officially for sale.
The historic complex at 61 State St., known formally as Reinhardt Mills, hit the market with a $13 million asking price, according to listing broker Homer De Leon of The Marmarou Team.
The 131,000-square-foot property, owned and occupied by national moving and storage company The Padded Wagon, sits in a prime location with high visibility from the highway. The business is preparing to vacate the site, De Leon said.
But beyond its size and visibility, the b…
