The former court-appointed administrator of a Westchester estate has admitted to stealing more than a million dollars from it as a family member sought to remove him from the position.
New Jersey resident Gregory Bayard has pleaded guilty in White Plains federal court to one count of wire fraud for stealing $1.4 million from a decedent’s estate in Mount Vernon while acting as a court-appointed administrator.
From June 2011 through June the following year, Bayard wrote 14 checks for more than $435,000 from the account to himself. From December 2012 through May 2016, he caused more than 70 electronic wire transfers of a total of more than $1 million from the estate’s account to his personal account. The money was then spent on home renovations, college tuition and other personal expenses. Some of the stolen money was also transferred to family members.
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Administrator Of Westchester Estate Admits To Embezzling $1.4M