52-year-old James Kalpakis, a disbarred Long Island attorney, pleaded guilty to swindling real estate clients to more than 4.3 million, New York Law Journal reported. Kalpakis reportedly agreed to a term sentence up to 10 years in prison where he is due on December 3.
"The defendant spun lie after lie in order to steal millions from innocent people whose only crime was placing their trust in the wrong man," Nassau District Attorney Kathleen Rice said.
The original indictment charged Kalpakis with 23 counts of grand larceny and forgery, Newsday reported.
In one instance, Kalpakis "stole about $1.3 million from one victim by selling the person two homes with forged deeds from banks that did not own the properties," the New York Law Journal also reported.
Kalpakis' attorney James Toner said that his client "accepted responsibility for his actions" by pleading guilty, adding that his client said he want to "spare victims of any more court proceedings."
As part of the press annoucement, the Nassau County District Attorney's office said Kalpakis, who was suspended in 2005 and disbarred in 2009, stole the money from five clients between September 2008 and January 2011.
