A Long Island real estate attorney pleaded guilty to grand larceny charges for stealing more than $5 million in connection with 46 separate real estate transactions between September 2020 and January 2024.
Daniel Boldi of Garden City, New York, entered guilty pleas to 13 counts of grand larceny in the second degree (a C felony) and one count of scheme to defraud in the first degree (an E felony). According to Nassau County District Attorney Anne T. Donnelly, Boldi – who owned and operated the law firm Boldi Law Group P.C. – embezzled $5.78 million from 46 victims, ranging from individual homeowners, real estate agents, and other entities for whom he held money in escrow.
Boldi committed escrow thefts that totaled $4.63 million from victims who worked with him on sales of their property or the purchasing of new property. In another scheme, the defendant also provided a private lender with a fraudulent mortgage and title closing records, embezzling $1.15 million through two separate loan thefts. Boldi used the funds he stole on various personal expenses unrelated to the victims’ transactions, including Venmo payments to other individuals and property investments.
Boldi is expected to be sentenced to three to nine years in prison and is required to pay $1 million. Based on his guilty pleas to felony charges, he will no longer be licensed to practice law. Boldi also faces four to12 years in prison if he fails to pay the full upfront restitution amount by the time of his sentence. He is due back in court for sentencing on April 17, 2025.
“Daniel Boldi posed as a trusted professional in real estate transactions and orchestrated elaborate schemes that defrauded nearly four dozen prospective homeowners, real estate brokers, and even a volunteer ambulance corps out of more than five million dollars,” said Donnelly. “Daniel Boldi’s guilty plea is a step towards financially restoring the lives of the victims he devastated through his schemes.”
Photo courtesy of the Nassau County District Attorney
;
