Middletown Man Charged with Real Estate Fraud
Alexander Iler, a disbarred Red Bank attorney, is accused of fraudulently converting the ownership of a Middletown property to his own name.
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A Middletown man was arrested Wednesday after an investigation by the Monmouth County Prosecutor's Office revealed he committed real estate fraud by manufacturing a phony home sale and then loading the property up with debt to the tune of $1 million, according to a release.
Alexander Iler, a Red Bank lawyer who operated a law office on Broad Street before being disbarred this past July, was charged with second-degree theft for allegedly fraudulently converting the ownership of a Middletown property to his own name. The 38-year-old assumed ownership of the property by recording a deed at the Monmouth County Clerk's Office, which contained a forged signature of the purported seller, according to officials.
No sale of the property had taken place.
The fraudulent deed reflected the transfer of the property from the seller to Iler for $575,000 in December 2011. Following the phony purchase, the prosecutor's office said, Iler encumbered the real estate with multiple mortgages totalling approximately $1 million.
Iler was arrested and remanded to the Monmouth County Correctional Institution in lieu of $250,000 bail, with no 10 percent option. If convicted, Iler faces a maximum sentence of 10 years in prison.
According to his business profile, Iler, a criminal attorney, specialized in traffic violations and Internet crimes, among others.
NJarhead
8:06 am on Thursday, October 25, 2012
Wow. I'll never understand how he thought he'd get away with that. I'm surprised he wasn't busted on the tax bill alone!
Hex
12:40 pm on Saturday, November 10, 2012
He should go to jail. He didn't do anything for me. His July Charge2012 is sealed so no one can read what this man did. To me and other people. He took my money in escrow and did nothing for me. Go Directly to Jail and Do Not ever Collect $200.00 for passing go. His father was a Judge. That is why his file is sealed, he is a Bully, and a Coward.
Hex
1:25 pm on Monday, November 19, 2012
I would like to know his sentencing date at Monmouth court house. So I could be there, n let him see me, my face. Maybe he will feel SHAME on his face. His other clients should show up also. See Shame on Mr. Alexander Iler's face. That is very sad what he did to all his clients, who had money in escrow.
Whitney Mann
9:17 am on Wednesday, December 5, 2012
I too was a victim of Alex Iler. I actually sued him, I won by default.
Dee
1:01 pm on Friday, February 1, 2013
i am a little late in finding this article about this POS, Alex Iler. I am trying to get a class action suit against this man. Anyone interested please email me cnj07719@aol.com