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Guldi co-defendant pleads guilty
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Ethan Ellner entered a plea of guilty in County Court Tuesday on charges stemming from the indictment wherein Ellner, George Guldi, a former Suffolk County Legislator, and others were charged with grand larceny, conspiracy and scheme to defraud in regards to a multi-million dollar mortgage fraud scheme.
Ellner, of Sagamore Drive, Plainview, pleaded guilty to three counts of grand larceny 2nd degree, one count of conspiracy 4th degree and one count of scheme to defraud 1st degree.
Ellner, an attorney and owner of Suburban Abstract, a title company in Stony Brook, was arrested on March 25, 2009 as a result of an investigation conducted by the District Attorney's Mortgage Fraud Unit formed by DA Tom Spota in 2008. Ellner admitted in court that he, Guldi, Donald MacPherson and others defrauded lending institutions of millions of dollars by using forged documents, false employment and income information on applications, straw buyers, false powers of attorney, deed flipping, and mortgage stacking.
"Ellner's plea of guilty represents a major step forward in the prosecution of this band of criminals led by Guldi and MacPherson operating on the East End to steal millions," Spota said.
Ellner, who as a result of his plea will have his law license suspended, is on for sentencing before County Judge F.X. Doyle on March 2, 2010.
Former Legislator Guldi's next court date is Jan. 11, 2010.
— SCDA
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