"One 2024 instance alleges that Sprei approached two people with an opportunity to invest in New Jersey property, requesting funds to show that "proof of liquidity" be placed into an escrow account that King, a sitting judge at the time, oversaw. The investors allegedly wired $6.5 million into a bank account under King's name, according to the U.S. attorney's office in New York and coverage by Law.com."
"Judge Edward Harold King resigned from the bench in February and faces one count of wire fraud conspiracy, as does Sam Sprei, a real estate investor. They both appeared in Brooklyn federal court Tuesday in New York City."
""As alleged, the defendants stole millions of dollars from investors by cynically leveraging King's position as a sitting judge to lend false legitimacy to supposed investment opportunities," Nocella said in an emailed statement to Law.com."
"King was released on a $250,000 unsecured bond."
A former Brooklyn Supreme Court justice, Edward Harold King, was arrested for alleged participation in multiple schemes to defraud investors in commercial real estate deals. King resigned from the bench in February and faces one count of wire fraud conspiracy. Sam Sprei, a real estate investor, also faces the same charge. In a 2024 allegation, Sprei approached two people with an opportunity to invest in New Jersey property and requested funds to establish “proof of liquidity” in an escrow account overseen by King. The investors allegedly wired $6.5 million into a bank account under King’s name. King was released on a $250,000 unsecured bond.
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