111 Dr. Martin Luther King, Jr. Blvd.
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June 8, 2016 -- Acting Westchester County District Attorney James A. McCarty announced today that Michael Lippman (DOB 11/03/44) of 165 Falmouth Road, Scarsdale, New York, was sentenced today to two to six years in state prison, following his guilty plea on Feb. 22, 2016, to:

• one count of Grand Larceny in the Second Degree, a class “C” Felony,
• one count of Criminal Tax Fraud in the Second Degree, a class “C” Felony,
• one count of Scheme To Defraud in the First Degree, a class “E” Felony.

The defendant was also ordered to pay restitution for the 13 victims in the amount of $1,487,461.61.  Additionally, the defendant must pay the NYS Department of Taxation and Finance $172,393.00. 

Between Jan. 1, 2010 and Sept. 15, 2015, the defendant, at the time a licensed attorney in the State of New York, engaged in a scheme in which he deliberately defrauded multiple clients of monies entrusted to him for various purposes including the transfer of real estate and estate planning.

In one instance, the defendant is alleged to have stolen approximately $431,300.00 from a client which was intended to complete the purchase of a property.

In another instance the defendant is alleged to have stolen approximately $159,431.95 from another client. That money was intended to pay off a mortgage to forestall a foreclosure action on that client’s property.

The investigation was carried out by investigators from the District Attorney’s office along with the assistance of the New York State Department of Taxation and Finance.

Assistant District Attorney Brian Conway, Deputy Chief of the Public Integrity Bureau along with Assistant District Attorney Steven Ronco prosecuted the case.