Sunday, October 11, 2026
An East Meadow couple who sold their home in 2023 were among dozens of victims defrauded by a Garden City attorney who stole more than $6 million through fraudulent real estate transactions, Nassau County District Attorney Anne Donnelly announced.
Daniel Boldi, 50, was sentenced on Aug. 26 to 4 to 12 years in prison after pleading guilty last October to 13 counts of second-degree grand larceny, a C felony, and one count of first-degree scheme to defraud, an E felony, before Judge Caryn Fink. Civil judgment orders totaling more than $6.2 million were issued for 52 victims.
Prosecutors said that between September 2020 and January 2024, Boldi, who owned and operated Boldi Law Group P.C., embezzled $6,206,368 from clients and other parties who trusted him to hold funds in escrow. The victims included individual homeowners, real estate agents, lenders and other entities.
Donnelly said Boldi’s schemes left many families in financial ruin.
“Daniel Boldi’s clients trusted him to safeguard their money during the homebuying process, but he ultimately betrayed them with his greed,” she said. “The ripple effects of his theft are devastating, leaving victims in a financial hole of more than $6 million.”
One of the most significant thefts involved an East Meadow couple who worked with Boldi on the sale of their home in October 2023. Prosecutors said Boldi, serving as the settlement agent, received $309,367 from the buyer’s mortgage lender that should have been used to pay off the couple’s mortgage. Instead, he told the sellers the money had not posted to his escrow account, convincing them to proceed with a “dry closing.” Days later, he presented the couple with fraudulent proof of a wire transfer, leading them to believe the mortgage had been paid off and allowing the sale to close. The couple later discovered the funds had never been sent and were forced to continue paying the mortgage on a home they no longer owned.
Boldi also stole from lenders, including $1.15 million embezzled from a private lender through fraudulent mortgage and title closing records in two loan schemes between September 2020 and November 2023.
According to bank records, Boldi used stolen funds for personal expenses, including Venmo payments to individuals and property investments.
Prosecutors said escrow thefts accounted for $4.7 million of the total embezzled. Boldi surrendered to Nassau DA investigators on April 10, 2024.
The case was handled by Senior Investigative Counsel Jennifer Contreras of the Major Financial Frauds Bureau, under the supervision of Bureau Chief Maureen McCormack and Executive Assistant District Attorney Rick Whelan. Boldi is represented by attorney Michael R. Franzese.
