A South Salem man is accused of bilking his clients of hundreds of thousands of dollars after he was arraigned on numerous fraud-related charges in Westchester County Court Monday.
Frank De Grasse, 50, of South Salem, was arraigned on a 31-count indictment charging him with felony counts of grand larceny, criminal possession of stolen property, identity theft, criminal possession of a forged instrument, falsifying business records and scheme to defraud, according to the county District Attorney Janet DiFiore.
Authorities allege that De Grasse, a disbarred attorney and a former detective with the New York City Police Department, defrauded 10 clients during time frame spanning Nov. 4, 2008 to Jan. 7 2009.
De Grasse allegedly deposited $250,000 in counterfeit checks was into five different bank accounts and used stolen identities to open three of those accounts.
De Grasse also used one of these accounts to deposit nearly $75,000 from an equity line of credit that was opened in the name of one victim without their permission.
According to state records, De Grasse attended law school Pace University and was admitted in the New York State Bar Association in 1999. He was disbarred in 2007, the same year he pleaded guilty to a $750,000 mortgage scam in Suffolk County.
De Grasse is scheduled to appear in county Court on May 10. He faces a maximum sentence of 15 years.