Ex-Norwalk legal professional Carl Ferraro stole $1.85M from shoppers

NORWALK — An embattled longtime native lawyer is going through a couple of fees of larceny — accused of stealing just about $2 million from his shoppers’ actual property transactions — after his arrest in Norwalk.

Carl Ferraro of Darien practiced regulation in Connecticut for greater than 30 years till his license was once suspended previous this yr throughout an investigation that resulted in the costs. He was once arrested Wednesday on 8 counts of first-degree larceny, the Norwalk Police Division’s arrest log says.

Court docket paperwork allege that Ferraro stole greater than $1.85 million from shoppers of his Norwalk regulation apply whilst preserving their cash in escrow from actual property transactions. In different circumstances, Ferraro failed handy over earnings from actual property transactions, in keeping with paperwork.

Ferraro, 57, gave the impression just about Thursday earlier than Pass judgement on Kevin Randolph in Awesome Court docket in Stamford. Randolph set a bond of $1.2 million within the case: $150,000 for each and every of the 8 counts filed towards Ferraro. From each and every of the shoppers, Ferraro allegedly stole quantities starting from $68,800 to $922,536 between November 2021 and March 2022.

His lawyer, Suzanne Sutton of Bridgeport-based company Cohen and Wolf, stated that Ferraro “at this level does now not be able to publish bond” because of “critical psychological and bodily well being scenarios” that caused his alleged crimes and arrest.

“He’s been suffering with the ones problems for slightly a while, which is actually what led us thus far,” she stated. Ferraro were out and in of hospitals and rehab amenities since resigning from the state bar affiliation on April 22 and has since “been identified” by means of scientific pros, Sutton stated.

“At first, it is very unhappy for the sufferers,” she stated. “There may be too many sufferers and an excessive amount of cash and a large number of ache, however he’s he’s feeling slightly remorseful.”

She declined to remark at the nature of Ferraro’s situation however moved so as to add the data associated with his situation to the court docket recordsdata.

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