
A disbarred real estate attorney from Hazlet admitted that he fleeced 60 clients out of $1.2 million in escrow funds by failing to do work on real estate deals.
Steven H. Salami, 49, pleaded guilty before Superior Court Judge Christie Bevacqua to a charge of financial facilitation of criminal activity, an offense that carries a penalty of up to 10 years in prison, Monmouth County Prosecutor Raymond S. Santiago said Wednesday.
Offering context for his client’s actions, Salami’s attorney noted that his client had a serious substance abuse and gambling problem for years. That doesn’t excuse the fact that he failed to do good by his clients, but it may be an opportunity for his clients and the judges to empathize with his predicament. Considering the New Jersey Fund for Client Protection reimbursed his victims and the state is expected to restitute the misappropriated funds, there’s a clear opportunity for him to redeem himself. And who knows, he may even be allowed to practice again after he repays his debt to society.
If you or someone you know is struggling with gambling addiction and is in need of help, the National Problem Gambling Hotline has resources for you. There is also a lawyer assistance program in your state that may be able to help you. (Don’t be fooled by the name; these programs also provide services to law students). Please reach out if you need assistance.
Disbarred Hazlet Real Estate Lawyer Admits To Defrauding 60 Clients Out Of $1.2 Million [AOL]
Earlier: Were You Disbarred In New Jersey? You May Be Eligible To Practice Again.

