"Today the defendant learned there are serious consequences for stealing his clients' money, even after he was arrested, and ruthlessly spending it on a luxury car for himself, on-line dating and expensive meals."
"His victims were hard-working people, many from the Eastern European community, who went to him for help saving their homes and livelihoods. Instead of helping them, Lerner took advantage of their trust and vulnerability to steal their money."
Court documents revealed that Lerner gained access to his clients' bank accounts under the guise of paying their mortgage lenders. Instead, he transferred $2.5 million into his personal accounts, spending it on luxury items, including a BMW and expensive meals.
Several victims defaulted on their mortgages, declared bankruptcy or faced foreclosure. "His underground brokerage was not just a simple money-making scheme; it devastated the lives of real people who sought his help."
Collection
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