Westchester County District Attorney

111 Dr. Martin Luther King, Jr. Blvd.
White Plains, NY 10601
Tel: (914) 995-3586
Fax: (914) 995-2116

Feb. 22, 2016 -- Acting Westchester County District Attorney James A. McCarty announced today that Michael Lippman (DOB 11/03/44) of 165 Falmouth Rd., Scarsdale, NY pled guilty to the following charges:

• one count of Grand Larceny in the Second Degree, a class "C" Felony,
• one count of Criminal Tax Fraud in the Second Degree, a class "C" Felony,
• one count of Scheme To Defraud in the First Degree, a class "E" Felony.

Between Jan, 1, 2010 and Sept., 15, 2015, the defendant, at the time a licensed attorney in the State of New York, engaged in a scheme in which he deliberately defrauded multiple clients of monies entrusted to him for various purposes including the transfer of real estate and estate planning.

In one instance, the defendant is alleged to have stolen approximately $431,300 from a client intended to complete the purchase of a property.

In another instance the defendant is alleged to have stolen approximately $159,431.95 from another client. That money was intended to pay off a mortgage to forestall a foreclosure action on that client's property.

In all, it is alleged that the defendant, in his ongoing scheme, defrauded 13 clients out of approximately $1,487,461.61.

Lippman is also accused of non-payment of taxes to New York State in excess of $50,000.

The investigation was carried out by investigators from the District Attorney's office along with the assistance of the New York State Department of Taxation and Finance.

The defendant remains out on a bail of $50,000.

The defendant will be sentenced on June 8, 2016.

He faces a maximum sentence of fifteen years in state prison.

Assistant District Attorney Brian Conway, Deputy Chief of the Public Integrity Bureau along with Assistant District Attorney Steven Ronco are prosecuting the case.