Manhattan District Attorney Cyrus R. Vance, Jr., today announced the sentencing of JOHN TODOROVICH, 63, an attorney, to 2 ⅓-to-7 years in state prison for stealing more than $800,000 from two former clients’ estate accounts and a deposit owed to a former client related to the sale of his apartment. On April 4, 2016, the defendant pleaded guilty in New York State Supreme Court to two counts of Grand Larceny in the Second Degree and on April 25, 2016 the defendant pleaded guilty in New York State Supreme Court to one additional count of Grand Larceny in the Second Degree.
“John Todorovich took an oath to act in his clients’ best interests, but he violated that oath by draining their accounts,” said District Attorney Vance. “Theft and fraud committed by attorneys erodes confidence in the entire legal profession. I thank the prosecutors in my Office’s Financial Frauds Bureau for putting a stop to this theft and I encourage anyone who believes that he or she may have been the victim of this type of fraud to call my Office’s Financial Frauds hotline at 212-335-8900.”
As admitted in the defendant’s guilty plea, TODOROVICH, who specialized in trusts and estates as well as real estate transactions, previously owned John B. Todorovich, a law practice previously located at 355 Lexington Avenue in Midtown. On April 26, 2010, while serving as the co-executor of the estate of a former client, the defendant stole $267,000 from the estate’s account by transferring the money into his business and personal accounts. In a second theft, from August 12, 2011 to July 31, 2012, while serving as the executor of the estate of a former client, TODOROVICH stole approximately $368,000 in a similar manner.
On August 16, 2012, TODOROVICH was representing the seller of a property located at 83 East 7th Street. A potential buyer provided the defendant with a check for $220,000 as a deposit for the property to be held in escrow. Instead, TODOROVICH deposited the check into his Interest on Lawyer Accounts and, over the next two months, made numerous transfers of the funds to his personal accounts, depleting the deposit almost entirely. TODOROVICH spent more than $800,000 of the stolen money on personal expenses, including memberships to country clubs and car payments for a Mercedes.
Assistant District Attorney Jonathan Gross handled the prosecution of the case, under the supervision of Assistant District Attorneys Gloria Garcia, Deputy Chief of the Financial Frauds Bureau; Archana Rao, Principal Deputy Chief of the Financial Frauds Bureau; Michael Sachs, Chief of the Financial Frauds Bureau; and Executive Assistant District Attorney David Szuchman, Chief of the Investigation Division. Assistant District Attorney David Crowley, former Assistant District Attorney Lauren Littman, Principal Financial Investigator Brian Crowe, Investigative Analyst Oliver Van Zant, and Rackets Investigator Donjya Bardliving assisted with the case.
District Attorney Vance also thanked members of the Westchester County District Attorney’s Office, including Assistant District Attorney Brian Conway and Investigators Latheia Smith and Mark Hackett for their assistance with the case.
JOHN TODOROVICH, D.O.B. 10/9/1952
Pound Ridge, NY
• Grand Larceny in the Second Degree, a class C felony, three counts
• 2 ⅓-to-7 years in state prison