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Long Island man admits stealing $1M total from homeowners, insurance …

Long Island man admits stealing $1M total from homeowners, insurance …

Long Island man admits stealing $ 1M total from homeowners, insurance …
News from The Republic:

ROCKVILLE CENTRE, New York — A 55-year-old man has admitted stealing at total of $ 1 million from a Long Island couple, two insurance companies and the state labor department.

Prosecutors say 55-year-old Gerard Timoney pleaded guilty to grand larceny on Wednesday. He’s a former policy issuing agent and ex-owner of TitleGuard Land Services Inc.

According to Newsday (http://bit.ly/1qaI2b6 ), he collected nearly $ 34,000 in unemployment benefits after his business closed due to criminal misconduct.

Prosecutors say he stole another $ 37,000 meant to pay property taxes on behalf two homeowners. They say he also stole $ 870,000 meant for recording deeds and mortgages.

Nassau County District Attorney Kathleen Rice says Timoney “repeatedly abused the trust, not only of homeowners and companies, but of taxpayers.”


Information from: Newsday, http://www.newsday.com

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