New York’s Long Island attorney, Boldi jailed for $6.2m fraud

Attorney of a Garden City in New York, Long Island, Daniel Boldi, bagged four to twelve years behind bars for defrauding 52 victims of $6.2 million.

The Nassau County District Attorney’s Office on Tuesday said between 2020 and 2025, Boldi stole more than $4.7 million in escrow funds through his eponymous law firm, Boldi Law Group, P.C.

This, the office said, was in addition to lifting $1.15 million in outright mortgage fraud in two other deals — bilking homeowners, real estate agents and other property sales professionals alike.

According to Daily News, last October, Boldi pleaded guilty to 13 counts of second-degree felony grand larceny, and one first-degree felony count of scheming to defraud, surrendering his law license in the process.

To date, he has not paid back a cent. Tuesday’s sentence also included more than $6.2 million worth of civil judgement orders issued on behalf of the 52 victims.

“Daniel Boldi’s clients trusted him to safeguard their money during the homebuying process, but he ultimately betrayed them with his greed,” Nassau County District Attorney Anne Donnelly said Tuesday in a statement. “The ripple effects of his theft are devastating. … My office won’t allow the people of Nassau County to be cheated by predatory criminals who pose as upstanding professionals. When someone abuses their power like this, we will expose them.”

Boldi’s sentencing was postponed twice as victims continued to come forward, Newsday reported. His attorney said he suffered from a cocaine addiction, “which led to bad decision-making that resulted in his downfall.”

Boldi would tell homebuyers and sellers that his escrow account had not received funds from their lending institution, when it really had, keeping the money instead. In at least one case, that left a couple who had sold their East Meadow home on the hook for paying “the mortgage for a home they no longer own,” according to Nassau County District Attorney Anne Donnelly.

Boldi spent the ill-gotten gains on “various personal expenses unrelated to the victims’ transactions, including Venmo payments to other individuals and property investments,” prosecutors are quoted.