April 14, 2024

Uvenco

Interior Of The Road

Ex-Norwalk lawyer Carl Ferraro stole $1.85M from clients

NORWALK — An embattled longtime local lawyer is dealing with various rates of larceny — accused of stealing almost $2 million from his clients’ genuine estate transactions — soon after his arrest in Norwalk.

Carl Ferraro of Darien practiced law in Connecticut for a lot more than 30 many years right up until his license was suspended previously this calendar year through an investigation that led to the costs. He was arrested Wednesday on eight counts of 1st-diploma larceny, the Norwalk Police Department’s arrest log says.

Court files allege that Ferraro stole a lot more than $1.85 million from customers of his Norwalk legislation observe even though holding their money in escrow from real estate transactions. In other circumstances, Ferraro unsuccessful to hand in excess of income from authentic estate transactions, according to files.

Ferraro, 57, appeared nearly Thursday ahead of Choose Kevin Randolph in Outstanding Court docket in Stamford. Randolph set a bond of $1.2 million in the situation: $150,000 for each of the eight counts filed against Ferraro. From each of the clientele, Ferraro allegedly stole quantities ranging from $68,800 to $922,536 involving November 2021 and March 2022.


His attorney, Suzanne Sutton of Bridgeport-primarily based business Cohen and Wolf, reported that Ferraro “at this level does not have the capability to post bond” because of to “serious mental and bodily wellness situations” that precipitated his alleged crimes and arrest.

“He’s been having difficulties with people concerns for very some time, which is actually what led us to this level,” she claimed. Ferraro had been in and out of hospitals and rehab amenities since resigning from the point out bar association on April 22 and has considering the fact that “been diagnosed” by health care professionals, Sutton said.

“First and foremost, it truly is extremely sad for the victims,” she mentioned. “There’s too a lot of victims and too significantly revenue and a good deal of ache, but he is he is sensation very remorseful.”

She declined to comment on the mother nature of Ferraro’s problem but moved to increase the documents associated to his condition to the court docket documents.