Search
 

Evergreen Lawyer To Appeal Four-Year Sentence

ORLANDO-James P. Conroy of New York is free on bail after being convicted on grand larceny charges in the three-year-old civil and criminal investigations of the defunct Evergreen Security Ltd. firm which formerly operated from Capital Plaza offices Downtown.

By Alex Finkelstein | Updated on April 14, 2004

ORLANDO-The three-year-old civil and criminal investigations of the defunct Evergreen Security Ltd. firm has yielded another conviction in what prosecutors have called the biggest mortgage-related fraud against consumers in Florida history.

New York lawyer James P. Conroy is free on bail after being convicted on grand larceny charges in the alleged theft of $27.7 million from the company. The firm and its 76 broker associates are accused of selling $214 million of unregistered federal government mortgage-backed securities to 2,203 global investors over a 10-year period.

According to court records, Conroy is alleged to have directly advised Evergreen owner William J. Zylka of New Vernon, NJ in the scheme. Zylka, previously convicted, faces six to 18 years in prison for his part in the alleged $27-million theft.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.