Real Estate Attorney Disbarred for Involvement in Mortgage Fraud Scam

Allison Tussey —  January 3, 2011 — Leave a comment

Emmanuel RoyBrooklyn, N.Y., was disbarred from the practice of law in Florida, effective immediately, and retroactive to March 22, 2010, following an October 19, 2010, court order. Roy was admitted to practice law in Florida in 2003.  Roy, who was also a member of the New York State Bar, surrendered his license to practice law in New York after being charged with 38 counts of misconduct. Roy surrendered his license to practice law in New York, after the Departmental Disciplinary Committee charged him with 38 counts of misconduct in June 2009.

On February 18, 2010, the New York State Supreme Court, Appellate Division, entered an order in the matter of In the Matter of Emmanuel Roy, III (admitted as Emmanuel Roy), an attorney and counselor-at-law, in which Roy surrendered his license to practice law during a disciplinary investigation. The surrender of Roy‘s law license while pending discipline in New York is tantamount to disbarment. The misconduct upon which the surrender was based is as follows:

The 38 counts of misconduct involved 2 unrelated real estate transactions in which Roy represented the seller. In the first matter, Roy inflated the sales price in order to obtain a higher mortgage and then kept the excess funds. In the second transaction, Roy was alleged to have converted client escrow funds.

As previously reported by Mortgage Fraud Blog, in October 2009, Roy was arrested and indicted by the federal government for his involvement in a multimillion-dollar mortgage fraud scam.

 

 

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Allison Tussey

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