Guy Parisi Indicted for Allegedly Attempting to Embezzle Millions from a Decedent’s Estate
By HEZI ARIS

eHezi Business, Finance, Governance, History, Law, Mt. Vernon, People, White Plains, NY 32 Comments

U.S. Federal Courthouse for the Southern District of New York in White Plains. Photo by and courtesy of Google Maps.

WHITE PLAINS, NY — August 21, 2018 — Guy Parisi, the well-respected legal eagle was arrested yesterday morning by U.S. Postal Inspectors who arrived at his home at about 5am. Parisi was charged with conspiracy, fraud, and making false statements to investigators.  The indictment alleges that Parisi was hired to represent the estate of a deceased Mount Vernon man, one John Doe,  in Surrogate Court in 2017. The intent of John Doe, who hired Parisi, was to remove the prior Administrator who was engaged by the deceased two years before his demise in April 2000. It was thereafter that Parisi was asked by John Doe, to remove the former Administrator. When the Administrator was removed, John Doe engaged Parisi’s services to become the Administrator of the Estate. Parisi  was granted the designation of Administrator by the Surrogate Court. John Doe thereafter expected Parisi would expedite the reclamation of the assets of the estate held by  the Office of New York State Comptroller Thomas DiNapoli. In 2015 the rightful heir to the estate became known. The federal indictment asserts that is is after Parisi was designated Administrator of the estate that things went awry.

In order to have the assets released, the indictment alleges Parisi created a corporation known as Stokes Asset Recovery Service to handle the recovery of the assets. The company was named after the Easthampton Road where Parisi owns a beach house. 

It is further alleged that Parisi created the corporation with his cousin, so as to collect a fee that ranges between 5 and 15 percent to which such a corporate structure would be entitled. The feds allege that Parisi intended to benefit from the release of funds from the NYS Comptroller’s coffers by omitting that he and his cousin had set up a corporation that John Doe was allegedly never advised to him in the first place. The indictment alleges that Parisi  tried to cash in on the estate’s assets by hiring a fictitious company he created with an unnamed relative just two weeks prior to which he would not be entitled to which he would greedily share in a 15 percent of the funds worth over a couple of million in assets.

Under the law, Parisi as Administrator is entitled to receive payment for recovering the assets for a fee. John Doe was not made aware that he could also collect those same assets at no cost by filing a claim that is easily accomplished online.

The crux of the indictment is that Parisi did not inform John Doe, the NYS Comptroller, or the Surrogate Court that he was engaged in allegedly defrauding John Doe by not advising him that Parisi had set up Stokes Recovery to gain much more than he was entitled to as an Administrator.

The government asserts that Parisi was engaged in materially false and  fraudulently attempting to obtain property with intent to defraud.

# # # # #

From the Office of the New York State Comptroller
Thomas P. DiNapoli
Westchester Attorney Indicted For Fraud And False Statement Charges Arising From His Attempt To Embezzle From A Decedent’s Estate For Which He Was Court-Appointed Administrator

New York State Comptroller Thomas P. DiNapoli, Geoffrey S. Berman, the United States Attorney for the Southern District of New York and Philip R. Bartlett, Inspector-in-Charge of the New York Office of the U.S. Postal Inspection Service (“USPIS”) announced that a federal grand jury in White Plains, New York returned an Indictment yesterday charging GUY PARISI, a Westchester attorney, with conspiracy, mail fraud and false statements.  These charges arise from PARISI’s attempt to embezzle funds from a decedent’s estate for which he served as a court-appointed administrator. PARISI was arrested yesterday morning and was presented before the United States District Judge Paul E. Davison.

 “Instead of protecting the interests of the estate, Mr. Parisi abused the trust placed in him by allegedly attempting to pocket millions of dollars meant for the beneficiaries by using a fictitious company,” said New York State Comptroller Thomas P. DiNapoli. “Thanks to my ongoing partnerships with United States Attorney Geoffrey Berman and the United States Postal Inspection Service, he will now be held accountable for his actions.  My office will continue to work with law enforcement across the State to protect unclaimed funds in our custody.”

“Guy Parisi, a Westchester attorney, allegedly embezzled funds from an estate which he was a court-appointed fiduciary,” said U.S. Attorney Geoffrey S. Berman. “Parisi allegedly shirked his responsibilities to the estate in order to serve his own greed. Now he faces justice in a criminal court.”

“Mr. Parisi allegedly took advantage of the trust given to him by his client, when instead of doing the right thing, he created a company to greedily enrich himself of fees he would not lawfully be entitled to receive,” said Inspector-in-Charge Peter R. Rendina. “Postal Inspectors and their law enforcement partners uphold the truth and those who do not must face justice.”

According to the allegations contained in the Indictment:

PARISI, an attorney in Westchester County, was appointed administrator of the estate of a former resident of Mt. Vernon, in or about April 2017.  His duties as administrator included collecting the assets of the estate.  As an administrator, PARISI had a fiduciary duty to the estate and to the decedent’s son, the sole beneficiary of his father’s will.  New York law provided for a fee for estate administrators like PARISI based on a percentage of the value of the estate’s assets.

A substantial part of the estate’s assets escheated to the State of New York as abandoned property between 2000 and 2008, when the estate was first presented to the Surrogate’s Court.  These assets were held in the custody of the New York State Comptroller.

In or about June 2017, PARISI, on behalf of the estate, retained Stokes Asset Recovery Services (“Stokes”) as the estate’s abandoned property location service in exchange for a fee of fifteen percent of the value of the estate’s assets held by the Comptroller, which is the maximum fee allowed by New York law.  PARISI did not disclose, and actively concealed, that Stokes was owned by his relative, and that he and the relative had formed Stokes less than two weeks before he notified the Comptroller of his retention of Stokes, as he was required to do under New York law.  PARISI and the relative named Stokes after a Southampton, New York, street on which PARISI owned a waterfront vacation home.  At the time he retained Stokes, PARISI knew that the estate’s assets held by the Comptroller were worth several million dollars.

PARISI was interviewed by a Postal Inspector in or about November 2017.  He falsely told the Postal Inspector that he had worked with Stokes in the past and that Stokes’s fee was five percent of the value of the assets held by the Comptroller.

PARISI, 71, of Rye, New York, is charged with one count of conspiracy, which carries a maximum sentence of five years in prison; one count of mail fraud, which carries a maximum sentence of 20 years in prison; and one count of making a false statement, which carries a maximum sentence of five years in prison.  The maximum potential sentences are prescribed by Congress and are provided here for informational purposes only, as the sentence will be determined by the court.

Mr. Berman praised the outstanding investigative work of the Postal Inspection Service and the New York State Comptroller.

This case is being handled by the Office’s White Plains Division.  Assistant United States Attorney James McMahon is in charge of the prosecution.

The charges contained in the Indictment are merely accusations, and the defendant is presumed innocent

Since taking office in 2007, DiNapoli has committed to fighting public corruption and encourages the public to help fight fraud and abuse. New Yorkers can report allegations of fraud involving taxpayer money by calling the toll-free Fraud Hotline at 1-888-672-4555, by filing a complaint online at investigations@osc.state.ny.us, or by mailing a complaint to: Office of the State Comptroller, Division of Investigations, 14th Floor, 110 State St., Albany, NY 12236. Review prior cases at http://www.osc.state.ny.us/investigations/index.htm.

###

Follow us on Twitter (@NYSComptroller)and Facebook (facebook.com/nyscomptroller)

Notice

eHeziGuy Parisi Indicted for Allegedly Attempting to Embezzle Millions from a Decedent’s Estate
By HEZI ARIS

Comments 32

  1. Edelman should learn the law before making a fool of himself. Not the first time he’s done that, or the last. Makes things up. Virtually everything Cohen pleaded to, nothing had anything to do with Trump. The two silly campaign finance issues are mere violations and were thrown into the press release to give this insane Trump-hunt legitimacy. Lanny Davis has been Clinton’s lawyer for decades. No coincidence. Carl Bernstein, who’s been living off his Watergate work for 45 years, says this is like Watergate. In Watergate they made an issue of who was paying legal fees for the burglars. So if it’s like Watergate, who is paying Lanny Davis’s bill? It’s like Watergate, right? Answer is, NOBODY. Pro-Bono. That says it all.

    If Trump is so illegal Edelman, has Trump been arrested? No. Indicted? No. Under any serious investigation? No. Stop with your Democratic imagination, claiming “not yet”. Yeah right. The next major movement here will be indictments on Andrew McCabe, Peter Strzok, Bruce Ohr, Chris Steele, and the founder of Fusion GPS. All for their anti-Trump collusion.

    You have a history of being hired by loudmouths and liars, going back years.

  2. Make fun of Khader? Our dumbass Mayor can’t say three sentences without stuttering You Know What
    Watch the tapes. It’s hysterical.

  3. One of the first orders of business for the new leadership of the Democratic Party is to remove Conservative Vinny Spano from the City Clerk. That job belongs to the Democrats. George Kevgas is owed that job.

    1. She never was qualified to be Executive Director of the IDA only in Yonkers where you hook up with a Spano get pregnant and get a 6 figure job.

        1. Post
          Author

          You are correct. An IDA appointment. A year or so after being kicked out of the Planning Board by Mayor Spano and now re-appointed to a different position. There is more to this story, but I need to gather more information. Almost ready to go, but still premature for being presented in the Yonkers Tribune.

        2. Since Mike Khader’s victory the family has done well. From being kicked off the board to become chairman and at least a dozen of jobs

  4. to Khader- when there are cameras around please use the word Uh less. One out of every two words that come out of his mouth is Uh.

  5. It was clear Shelly and company had Mike Spano packing during the senate run, the real democrats will take the party back. Lafayette , Meier and Spano will be looking for jobs soon

  6. Next year, Chuck Lesnick gets the Democratic Nomination for Mayor from the support of Wards 1,2,3,4,5,9. Chuck Lesnick wins the Democratic primary and cruises through the General Election. Chuck Lesnick becomes the 43rd Mayor of Yonkers.

    Don’t worry Steve Levy and Thomas Meier, there are positions waiting for you in the Animal Shelter.

    And when Tom Jr gets thrown out of the board of elections, he can become a custodian cleaning toliets.

    1. The sad part is that anybody thinks Lesnick is some kind of leader. I guess if you hang around and suck long enough you have got to be good.

    2. GO AWAY CHUCK….. YOU HAVE BEEN A POLITICAL BLOODSUCKER! YOU HAVE DONE ABSOLUTELY NOTHING FOR 2 DECADES AS A POLITICIAN…. NOW AFTER YOU MILKED THE CITY FOR YOUR OWN PERSONAL GAIN YOU WANT TO RUN FOR MAYOR?? SCREW YOU! NO ONE WILL VOTE FOR YOU.

  7. These comments about Levy and Meier could not have been more true. Don’t worry Steve and Mike Spano, ET is going to be the campaign manager for Lesnicks mayoral campaign. Everything he learned will be put to good use.

    As far as the 2nd Ward, the TEAM- Chuck Lesnick, ET, and Kevgas – has it on lockdown. No one can stop those 3 guys.

    As far as Jamie Spano and Vinny Spano, those two are the two biggest bozos in Yonkers. The only thing those two could win is a drinking contest. JAMIE SPANO WILL NEVER BE A DISTRICT LEADER IN THE 2ND WARD!

    As far as Khader, that guy should consider cutting down on the quesadillas and should open up a book to learn how to talk with proper English.

    1. 1 thing is certain..lesnick will never be mayor.
      Dems quietly hate, Gop openly opposes him.
      Also, he barely won his elections against an unknown.
      He’s the Bill Regan of Dem politics, always looking for a free meal.

  8. Thomas Meier’s days as Yonkers Democratic Chairman are numbered. All the wards mentioned have one thing in common: They depise Thomas Meier, Mike Spano, and Steve Levy.

    Steve Levy and Thomas Meier should learn to have respect for the most powerful and popular ward leader-George Kevgas. Kevgas is going to give Levy and Meier, the “Brains” a spanking on September 13th.

    George Kevgas will be the next Yonkers Democratic City Leader.

  9. George and ET are two hacks in the Democratic Party. Let’s first thank Mike Spano for hiring them. Tommy Meyer will be gone once Spano loses his clout. Shelly is the new leader of the Yonkers democrat party, Tommy has other priorities and it’s not electing democrat candidates or holding on to his leadership.

  10. I could not agree more with Eileen. Steve Levy and Tom Meier are as phony and soft as they come. Tom Meier won’t be the Democratic Party Chairman after September 13th. Steve Levy can’t win anything. ET will be the 1st Vice Chairman under the new Party Leadership. Levy and Meier are in over their heads thinking they could take over the 2nd Ward. Chuck Lesnick has plenty of support in the 2nd Ward and that will be shown on September 13. Jamie Spano won’t even get one vote. Hehe Let’s teach Levy and Meier a lesson and keep the Yonkers Democratic Party blue.

    PS: Mike Khader is a loser and weak this will also be revealed on September 13.

    1. You guys are horrible the things being said about the potential candidates, are cold and heartless. Chuck is a great guy. If you don’t support him don’t vote. Stop talking trash. Yet when you see these people your shaking hands and taking photos. As to Mike Khader he is actually the biggest winner. He gets his point across and always has something of substance to say. Remember according to you all he was committing political suicide.
      You try speaking with cameras in your face.
      As if Tom Mier Sr or Spano can speak any better.

      I would like to see Shelley run for Mayor, but it will not happen.
      I would like to learn more about anyone not tied to spano.

  11. Steve Levy, Tom Meier and Mike Spano would have a better chance of winning the Powerball Jackpot then taking over the 2nd Ward. Meier should know better. George only wins in the 2nd Ward. Mike Khader is just an idiot. Levy and Meier are out of their league. Chuck Lesnick had the support of the 2nd Ward when he first ran for mayor and he will have it next year. Meier and Levy are picking their nose in city hall. George is loved by everyone in the 2nd Ward. George is going to make sure Chuck Lesnick is the next mayor and Mike Spano and his goons need to understand that.

    Tom Meier’s slate in the 2nd Ward is going down in flames on September 13

    1. ‘Good Night Eileen’, are you senile? What the hell does your post have to do with this Parisi story thread. If you want to start your own blog, please do so. Or else, keep your inane comments on topic. You, too, Edelman.

    2. Tommy has never won a election in his life, he’s only leader because of Spano, know that Spano is termed out , Tommy will be ousted.

  12. Michael Cohen will “never accept” a pardon from President Trump, his lawyer has said. Lanny Davis, who attacked Trump as a “criminal” during an interview on NPR, said his client would “under no circumstances” accept a presidential pardon due to his low regard for his former employer. “I know that Mr. Cohen would never accept a pardon from a man who he considers to be both corrupt and a dangerous person in the Oval Office,” said Davis. “He has flatly authorized me to say under no circumstances would he accept a pardon from Mr. Trump, who used the pardon power in a way that no president in American history has ever used a pardon—to relieve people of guilt who committed crimes who are political cronies of his.” Cohen pleaded guilty to an array of criminal charges Tuesday, but also implicated Trump in a federal crime. Davis had strong words for the president, saying in no uncertain terms: “The president of the United States is a criminal. He has not pled guilty to a crime but his own lawyers have described him directing somebody to do something that is a criminal act.” GAME OVER

    1. you can throw out all the scenarios you want. 8 felonies are eight felonies its easy to talk tough from a penthouse in n y c on bail. when the door slams and that loud breaker switch clunks and turns all the lites out things become a little different especially when your looking at a long long stretch. by THE WAY MIKE they don’t have kuerigs or sushi either

  13. Why would the LITTLE GUY need to steal millions when he already has millions? Regardless of the answer LITTLE GUY is gonna sing like a canary. I bet Doug and some other GOPers aren’t sleeping easy tonight.

    1. This appears to be his own fraud. Yes, he was a prominent Republican lawyer, but the scheme is very specific to this estate and is completely detached from his association from the Westchester GOP.

      1. Understand that Grand Jury interviewed BOE officials and few workers. Amanda Colety is making $110,000 per year. Father continuously promotes her. Doug Colety is next to be indicted, just wait. They work very hard to prevent people from access to the truth. Like Rolex Robbie (Astorino) failing to disclose to his constituents that the FBI seized his watch. Start connecting the dots between all of these snakes.

      2. You are correct but you can’t seriously believe that he won’t sing like a canary about unrelated matters. He’s in his seventies and doesn’t really have a build built for jail. He knows where the bodies are buried. All the feds have to do is break out the bird seed.

Leave a Reply

This comment will be displayed anonymously. Your name and email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.