The former vice president of a Manhattan real estate company copped a guilty plea Tuesday to looting nearly $3 million from the residential buildings he was responsible for managing.
Alan Gorelick, 68, a former top exec at Saparn Realty, admitted in Manhattan Supreme Court to stealing $2.6 million from some 30 buildings.
Gorelick would divert checks slated for the banking accounts of their respective buildings into his own business account, prosecutors said. The funds were from apartment sales, tenants’ rent and maintenance.
He covered his tracks by falsifying bank statements provided to his clients, prosecutors said.
Gorelick took the low-income housing complex Harway Terrace, in Gravesend, Brooklyn for a whopping $770,000, according to prosecutors.
“This defendant stole from all kinds of buildings under his fiscal watch, from a luxury doorman building in Chelsea, to a Mitchell-Lama complex in Brooklyn,” said District Attorney Cyrus Vance Jr. “This office will continue to investigate and prosecute those who abuse positions of trust to steal from New Yorkers.”
Gorelick is expected to get 3 1/2 to 10 years in prison when he’s sentenced on Sept. 15.