Posted on Thursday, 28 of April , 2011 at 8:50 pm
A former New York City police detective and a disbarred attorney has been arraigned on a 31 count indictment that charges him with defrauding at least 10 victims of over $250,000.
Frank De Grasse, 50, of Old Pond Road, South Salem, has been charged with three counts of second degree grand larceny, three counts of criminal possession of stolen property, three counts of first degree identity theft, eight counts of third degree grand larceny, three counts of second degree criminal possession of a forged instrument; seven counts of third degree criminal possession of stolen property, three counts of first degree falsifying business records and first degree scheme to defraud.
Prosecutors say that between Nov. 4, 2008 and Jan. 7, 2009, the defendant defrauded approximately 10 victims. More than $250,000 in counterfeit checks was deposited into five different bank accounts opened by De Grasse.
Three of these accounts were opened by the defendant in his name and/or his corporations name and the stolen identity of another individual.
Approximately $75,000 was transferred from the equity line of credit of one of these individuals without his knowledge and permission and deposited into one of the joint bank accounts, according to prosecutors.
De Grasse remains free on $10,000 bail and is due back in court on May 10. If convicted, he faces a maximum sentence of 15 years in state prison on the top count of the indictment. 4-28-11