A Nassau County real estate lawyer who defrauded dozens of victims out of nearly $6 million faces up to nine years in prison following his guilty plea in a fraud case, Nassau District Attorney Anne Donnelly said. He said it was possible.
Daniel Boldy, 49, is also expected to pay $1 million in restitution, the district attorney said. On Thursday, Boldy admitted his involvement in the real estate scheme and pleaded guilty to 13 counts of second-degree grand larceny and one count of first-degree fraud, Donnelly said.
Boldy is expected to be sentenced to three to nine years in prison when he appears before Nassau County Supreme Court Deputy Judge Caryn Fink on April 17. However, if the compensation is not paid by the sentencing date, the prison term may be increased. Mr Donnelly said the sentence would be between four and 12 years.
Donnelly explained that Boldi, who owned and operated Boldi Law Group PC, embezzled $5.78 million from 46 victims between September 2020 and January 2024. Those defrauded included individual homeowners, real estate agents, and other entities for which he held funds in escrow.
“Boldy posed as a trusted expert in real estate transactions and orchestrated an elaborate scheme to defraud approximately 40 prospective homeowners, real estate brokers, and even volunteer emergency services out of more than $5 million,” Donnelly said. Ta. “Boldy’s guilty plea is a step toward financially restoring the lives of his victims, who were destroyed by his scheme.”
In one case, Boldy defrauded a couple selling their East Meadow home by falsely claiming that they had not received wire transfers from the buyer’s lender, prosecutors said.
Boldy provided the couple’s mortgage company with fraudulent documentation regarding wire transfers, which resulted in the sale being completed. But the funds were not transferred, and the couple continued to pay the mortgage on the house they no longer owned.
Donnelly said that as an additional result of the felony guilty plea, Boldy will have his law license revoked.
Photo above: Facebook and the Nassau County District Attorney (inset).
