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111 Dr. Martin Luther King, Jr. Blvd.
White Plains, NY 10601
Tel: (914) 995-3586
Fax: (914) 995-2116

 

Sept. 25, 2015 -- Westchester County District Attorney Janet DiFiore announced today that Michael Lippman (DOB 11/03/44) of 165 Falmouth Road, Scarsdale, New York was arraigned on a Felony Complaint charging him with:

  • two counts of Grand Larceny in the Second Degree, class "C" Felonies,
  • 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.

"As alleged in the Complaint, the defendant took advantage of people who turned to him for his legal expertise and guidance only to become victims of his greed. He violated the oath he took as an attorney when he used client funds and properties entrusted to him and used them for his own personal use," said District Attorney Janet DiFiore.

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 $159,431.95 from a client. That money was intended to pay off a mortgage to forestall a foreclosure action on that client's property.

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

In all, it is alleged that the defendant, in his ongoing scheme, defrauded 13 clients out of approximately $1,487,461.61.

Lippman is also accused of non-payment of $132,411 in New York State Taxes.

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.

Bail was set at $50,000.

The defendant's next court date is Dec. 15, 2015.

He faces a maximum sentence of fifteen years in state prison.

Assistant District Attorney Brian Conway, Deputy Chief of the Public Integrity Bureau is prosecuting the case.

 

Michael Lippman

Michael Lippman

 

In compliance with Disciplinary Rule 7-107A of the Code of Professional Responsibility, you are advised that a charge is merely an accusation and that a defendant is presumed innocent until and unless proven guilty.