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FORMER RIVERHEAD ATTORNEY PLEADS GUILTY TO STEALING FROM PARTIES TO REAL ESTATE TRANSACTION
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Peter A. Saad, Jr., a former attorney based in Riverhead, New York, pleaded guilty to Grand Larceny in the Fourth Degree for stealing $25,000 from an escrow account related to a real estate transaction. Saad was disbarred on January 31, 2024, after it was discovered that he failed to return the escrow funds and instead used the money for personal expenses following the sale of a home. The funds were meant to cover permit issues that required resolution after the closing of the sale on September 3, 2020. Saad was ordered to pay restitution, serve 210 hours of community service, and was placed on probation after his guilty plea on April 16, 2025. The case was prosecuted by Assistant District Attorney Patrick Rooney.
The press release emphasized that attorneys must uphold the trust placed in them, affirming that no one is above the law.
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