WOODLAND PARK, N.J. -- A now-disbarred lawyer from Woodland Park pocketed as much as $500,000 of his clients’ money, authorities said.
Lawence G. Tosi, 58, was charged with theft, misapplication of entrusted property, forgery, writing bad checks and tampering with records, Passaic County Prosecutor Camelia M. Valdes said.
In one instance, Tosi “failed to turn over funds to a client he represented as a seller in a real estate transaction,” Valdes said. “In another case, [he] failed to turn over client funds in an estate matter.
“In both cases, Tosi converted the misapplied funds to his own use,” she said. “The approximate total amount of theft is in the range of two hundred fifty thousand dollars to five hundred thousand dollars.”
Tosi, who maintained a law office at various times in Little Falls, Wayne and, most recently, Woodland Park, was disbarred by the state Supreme Court in November after practicing for 26 years.
He was released on a summons pending a court hearing.
“Clients who have suffered financial loss as a result of attorney dishonesty can file a claim for reimbursement with the NJ Lawyer’s Fund for Client Protection in Trenton,” Valdes said.