New York, NY, October 06, 2014 --(PR.com
)-- As reported in the media, Altchiler LLC client Long Island attorney Ralph Pecorale has been cleared of any wrongdoing by the state’s 10th Judicial District’s Grievance Committee after he was acquitted in a Brooklyn mortgage fraud case.
Pecorale was cleared of mortgage fraud in May after the Brooklyn district attorney moved to dismiss all charges against him. An accomplished poker player who has appeared in national tournaments on ESPN, Pecorale, was one of seven people charged in 2010 for a scheme to take control of a three-story residence on DeKalb Avenue that employed straw buyers, forgery and identity theft to steal mortgage money from banks. While the other six defendants pleaded guilty, Pecorale was the only one to plead not guilty and was eventually exonerated.
Brooklyn Supreme Court Justice John Ingram had dismissed the 18-count indictment against Pecorale after Assistant District Attorney Richard Farrell moved to dismiss all charges against Pecorale, citing a lack of evidence.
According to his Manhattan-based attorney, Robert Altchiler, Pecorale’s firm handled the closings for the DeKalb deal, but he was completely unaware that the buyers of the $900,000 property were involved in a criminal conspiracy.
“He went through hell,” Altchiler told LIBN. “He’s really a good guy.”
Pecorale, who finished second in the 2005 U.S. Poker Championship in Las Vegas, has been in the process of rebuilding his real estate law practice in Bohemia, and he said the grievance committee’s exoneration was welcome news.
“I had a black cloud over my head,” Pecorale said. “This helps to clear it up.”
“This was the final piece for Ralph. We helped him get completely exonerated in an indicted massive mortgage fraud case that hung over his head for years. Now the disciplinary authorities have closed their investigation. We appreciate the Grievance Committee's willingness to listen to us and to devote the time required to fully understand the facts of the case and the extraordinary circumstances that led Ralph to be criminally charged in the first place. Ralph can now devote all of his attention to rebuilding his practice into the successful firm it was before he was wrongfully arrested, indicted, and pursued by the government. The great and just results obtained for Ralph are immensely satisfying.” - Robert Altchilerwww.altchilerllc.com