Categories: blog

South Salem Man Indicted on Fraud Charges – South Salem NY Residents

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.

Robert Paul

Robert is a realtor in Bedford NY. He has been successfully working with buyers and sellers for years. His local area of expertise includes Bedford, Pound Ridge, Armonk, Lewisboro, Chappaqua and Katonah. When you have a local real estate question please call 914-325-5758.

Recent Posts

Out of Sevice with brain injury since November.

Just back out of hospital in early March for home recovery. Therapist coming today.

1 year ago

Existing home sales down 28% | Katonah Real Estate

Sales fell 5.9% from September and 28.4% from one year ago.

1 year ago

Single-Family Housing Contraction Continues | Bedford Hills Real Estate

Housing starts decreased 4.2% to a seasonally adjusted annual rate of 1.43 million units in…

1 year ago

Closed Median Sale Price in Hudson Valley/NYC Markets Declined by 2.50% in October | Bedford Real Estate

OneKey MLS reported a regional closed median sale price of $585,000, representing a 2.50% decrease…

1 year ago

Building Materials Prices Decline for Second Consecutive Month | Pound Ridge Real Estate

The prices of building materials decreased 0.2% in October

1 year ago

Mortgage rates drop with inflation drop | Bedford Corners Real Estate

Mortgage rates went from 7.37% yesterday to 6.67% as of this writing.

2 years ago

This website uses cookies.