A West Hempstead attorney was arrested Monday for allegedly stealing more than $5.7 million from clients over a two-year span, Nassau County prosecutors said.
David Frankel was charged with seven counts of grand larceny.
Prosecutors said that the 50-year-old man withdrew funds from an escrow account containing money belonging to seven realty companies that he represented between 2012 and last year.
Frankel allegedly used the money to fund his own unsuccessful investments and to make payments in unrelated real estate transactions, authorities said.
Judge Darlene Harris set bail for Frankel at $300,000. He faces up to 25 years in prison, if convicted. He is due back in court Wednesday.