DA Bragg Announces Jail Sentence for Realtor Who Exploited Elderly Victim to Obtain Fraudulent Mortgages – Manhattan District Attorney’s Office

June 14, 2022

Manhattan District Attorney Alvin L. Bragg, Jr. today announced the sentencing of LYNDON CHIN, 58, to 1 to 3 years in state prison for using the real estate properties of a 91-year-old to fraudulently obtain $8.5 million in unauthorized mortgages. . CHIN previously pleaded guilty to two counts of grand larceny in the first degree.

“Mr. Chin clearly took advantage of an elderly victim to line his pockets,” District Attorney Bragg said. often seen as easier targets for fraud, and I encourage those affected to call our Elder Abuse Unit at 212-335-9007 Our older New Yorkers deserve to have their hard-earned savings protected, and we will continue to crack down on these schemes, whatever form they take.”

As noted during CHIN’s guilty plea and court filings, CHIN had acted as a real estate broker for the 91-year-old victim in prior real estate transactions. In this capacity, the defendant assisted the victim in the purchase and sale of residential and commercial real estate and was familiar with the victim’s properties and the company through which he owned them.

In October 2015, CHIN used his knowledge of the victim’s real estate to forge documents in the name of the victim’s company and obtain $5 million in mortgages on four of the victim’s properties in Lower Manhattan without his knowledge. . CHIN then opened a bank account in the name of the victim’s company and deposited approximately $4.4 million of the fraudulently obtained funds into it. Much of the funds were paid into at least 20 personal and corporate bank accounts, including accounts belonging to members of the defendant’s family, and the rest were used to cover personal expenses such as car payments, insurance payments and jewelry.

From March to May 2016, CHIN obtained an additional $3.5 million in mortgages through similar means and deposited approximately $1.9 million in a bank account it had opened specifically to receive the funds, before transfer the funds to another account he controlled.

The conduct was discovered and the case was referred to the Manhattan District Attorney’s Office after the victim was rejected for a mortgage on an unrelated business opportunity due to existing mortgages the defendant had fraudulently obtained on his properties.

Former Assistant District Attorneys Caitlin Naun and Brandon Burkhart and ADA Marques Brooks handled the prosecution of the case under the supervision of Executive Assistant DA Gloria Garcia, Deputy Chief of Investigations Division, Investigator Michael O’ Brien, financial investigator Elaine Li. Chief of the Office of Forensic Accounting and Financial Investigations Robert Demarest also provided valuable assistance on the file.

Defendant Information:
Northport, NY


  • Grand Larceny in the first degree, a Class B felony, two counts

Sentenced :

  • 1 to 3 years in state prison