Thursday, March 21, 2013
© Copyright 2013
Gwinnett Daily Post
ATLANTA -- A Duluth lawyer, who was disbarred in 2008, was sentenced in federal court on Thursday for violating the trust of his clients in real estate transactions.
Neal Landers, 46, was sentenced to 27 months in prison and ordered to pay more than $850,000 in restitution after he used funds for personal use from those transactions. U.S. Attorney Sally Quillian Yates said Landers received money transfers into his escrow account from several real estate closings, but did not distribute them as required.
Mark F. Giuliano, special agent in charge with the FBI Atlanta Field Office, said the FBI worked diligently to build a solid criminal investigation, and he "hopes that those victimized by Mr Landers' egregious breach of trust can take some solace in today's sentencing."
Yates added that Landers also transferred funds in amounts that far exceeded any closing fees or costs from his escrow account to his business checking account. Landers then used the money to pay various personal expenses.