BRICK, NJ — An advocate from Brick Township who hosted a radio appearance and accomplished seminars on ancient law pleaded accusable Friday to burglary millions of dollars from aged audience of his law firm, Advocate General Gurbir S. Grewal announced.
Robert Novy, 66, of Brick, pleaded accusable to first-degree money bed-making afore Superior Cloister Judge Michael T. Collins in Ocean County, Grewal’s appointment said. Under the appeal agreement, the accompaniment will acclaim that Novy be bedevilled to 10 years in accompaniment prison, including 3 years and 4 months of acquittal ineligibility.
In argumentation guilty, Novy accepted that he blanket millions of dollars from law clients. The state’s analysis appear that he blanket about $3 actor from at atomic two dozen victims. Novy is appointed to be bedevilled on Sept. 28.
Novy apple-pie the money through assorted coffer accounts, including his advocate assurance and business accounts. The victims about did not accept abutting ancestors to bouncer their interests and in some cases suffered from dementia, Grewal’s appointment said.
As an able in ancient law, Novy hosted a annual radio affairs “Inside the Law,” which focused on capacity of affair to chief citizens. He was arrested on Oct. 18, 2016 and detectives accomplished a chase accreditation at his firm, Novy & Associates, on Ridgeway Avenue in Manchester, abduction announcement annal and added evidence. The Advocate General’s Appointment acquired cloister orders freezing added than $3.5 actor in assets captivated by Novy and his abutting and appointed a trustee to baby-sit the firm’s business operations.
Novy charge pay amends to his victims out of two funds accretion $4 actor that are actuality created application those bedeviled assets, Grewal’s appointment said. One armamentarium of $3 actor will accommodate amends to applicant victims, heirs, estates and trusts already articular through the state’s investigation, and a additional armamentarium of $1 actor will accommodate restitution, with cloister approval, for others not ahead articular who appear advanced with affidavit that they were victims of thefts.
Novy additionally charge abandonment his authorization to convenance law in New Jersey and pay $500,000 to the accompaniment as an anti-money bed-making base penalty.
Deputy Attorneys General Peter Gallagher and William Conlow prosecuted Novy and took the accusable appeal for the Division of Bent Amends Banking & Computer Crimes Bureau. The accusable appeal is the aftereffect of an analysis by the Division of Bent Amends Banking & Computer Crimes Bureau, assisted by the New Jersey Division of Taxation Appointment of Bent Investigation.
“By base aged audience and burglary their activity savings, Novy sank to the everyman levels of greed, dishonesty, and callousness,” Grewal said. “This accusable appeal serves amends by ensuring that Novy will face a abundant bastille book and that his victims will accept amends from assets already bedeviled from him by the Division of Bent Justice.”
“A axiological affair in this case was to defended amends for Novy’s abounding victims, including his aged audience and the brood and beneficiaries who had millions of dollars baseborn from them,” said Veronica Allende, administrator of the Division of Bent Justice. “Through this accusable plea, we accept accomplished that ambition and accept beatific a able bulletin that attorneys and others who authority positions of assurance will be captivated answerable if they abandon that assurance and abduct from those who are vulnerable.”
The analysis appear Novy blanket funds from aged and asleep audience who generally did not accept a abutting about to affirmation their acreage or claiming Novy’s actions. He acclimated the baseborn funds for his own benefit, advantageous claimed and business expenses.
Novy acquired ascendancy through wills, admiral of attorney, and assurance documents, authoritative himself the sole banking decision-maker for the clients. Back audience had abundant assets in the anatomy of an accomplishment or activity allowance policy, Novy directed allowance companies to redeem the behavior and accelerate the money anon to him. In some cases, back challenged by advisers or ancestors about accurate funds that had been aloof from applicant accounts, Novy claimed they were “administrative errors” and repaid the funds.
The Division of Bent Amends acquired a accompaniment admirable board allegation on April 30, 2018 charging that Novy affianced in three altered schemes by which he blanket funds from clients:
1. In one scheme, Novy artlessly transferred funds from his clients’ claimed coffer accounts or from his clients’ asleep claimed assets into his own coffer account.
2. In the additional scheme, Novy transferred funds from his clients’ claimed accounts or asleep assets into IOLTA (Interest on Lawyer Assurance Account) sub-accounts that he controlled. The admiral of advocate accomplished by the victims accurately appropriate Novy to abode their assets into absolute assurance funds called by the victims that would administer their assets, so the act of agreement the funds into accounts that he controlled constituted a annexation by Novy.
3. In the third scheme, Novy transferred applicant funds from assorted accounts – including the clients’ claimed accounts, the clients’ IOLTA sub-accounts, or the firm’s advocate assurance annual – into the firm’s operating and cost accounts. Novy badly billed the audience for ability of advocate fees after any acknowledging invoices.
Novy was answerable with money bed-making because he affianced in affairs involving the baseborn funds and the assorted accounts – primarily his advocate assurance accounts and/or advocate business accounts – by which he buried the antecedent of the baseborn funds and acclimated them to advance his bent activities.
Persons, relatives, heirs, estates or trusts who accept they are victims of Novy and can action affidavit of amercement should address to Deputy Advocate General Kara R. Webster in the Accompaniment Appointment of Victim Witness Advocacy at WebsterK@njdcj.org, or if they do not accept email access, buzz 609-376-2444.
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Photo of Robert Novy provided by New Jersey Advocate General’s Office
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