Dennis Vourderis, 51, attorney, Tottenville, New York was indicted by a grand jury in Richmond County, New York on 15 counts including seven counts of grand larceny, two counts of forgery, three counts of possessing stolen property and one count of scheming to defraud at least 10 people.
The allegations against Vourderis arise, in part, from his failure to use real estate settlement proceeds to pay off existing mortgages. The grand jury indictment follows the arrest of Vourderis last year with respect to the underlying conduct. Vourderis, whose license to practice law was suspended on March 31, 2005, is alleged to have held trust funds after the suspension. He is also facing charges of grand and petit larceny, forgery and possessing a forged instrument in Brooklyn, according to court papers.
Rachel Dollar, the editor of Mortgage Fraud Blog is an attorney and Certified Mortgage Banker who handles litigation for lending institutions and secondary market investors.