Cops: City Lawyer Stole $400k

Cops: Spa City lawyer stole $400K
The Albany Times Union by DENNIS YUSKO -August 24, 2009

BALLSTON SPA, NY - A Saratoga County real estate attorney was charged today with stealing more than $400,000 from two people, and Saratoga Springs police say there could be additional victims. Police this morning arrested Patrick M. Reidy, who owns and operates Excelsior Title on Broadway in Saratoga Springs, and charged him with two counts of grand larceny for allegedly taking $272,021 from someone on Jan. 21 and $136,500 from a separate person on July 30, Assistant Saratoga County District Attorney Karen Heggen said. Reidy, 46, allegedly took the proceeds of real estate deals and the use of a home equity loan, according to Saratoga Springs police. He was arraigned today before Saratoga County Court Judge Jerry Scarano, who was acting as City Court judge. Reidy, of 7 Erinn Court, Gansevoort, was taken to the county jail with bail set at $75,000 cash, Heggen said. Reidy is being represented by Albany attorney Michael Koenig, who could not immediately be reached for comment. The investigation is ongoing. If you believe that you may have been a victim of Reidy or Excelsior Title, police ask that you call Investigator John Barney at 584-1800, extension 3524. Dennis Yusko can be reached at 454-5353 or by e-mail at dyusko@timesunion.com.