Guldi Sentenced Again, Faces No New Jail Time - 27 East

Guldi Sentenced Again, Faces No New Jail Time

authorWill James on Aug 31, 2011

Former Suffolk County Legislator George O. Guldi last Wednesday was sentenced to one to three years in prison, a term that was laid out in a plea bargain and will add no new prison time to a sentence the ex-lawmaker is already serving for a previous conviction.

Mr. Guldi, a Democrat who represented the South Fork from 1993 until 2003, pleaded guilty in July to 34 counts of grand larceny and one count of scheme to defraud related to his involvement in a massive mortgage fraud ring.

After the sentencing, Assistant District Attorney Thalia Stavrides said she was disappointed the latest sentence would run concurrently with the jail term Mr. Guldi was already serving, rather than being tacked onto the end of it. Ms. Stavrides said she originally argued for a sentence of eight and one-third to 25 years.

Mr. Guldi, who represented himself throughout most of the case, has been in Suffolk County Jail serving a four-to-12-year sentence since March, when he was convicted of insurance fraud and grand larceny for misusing insurance funds after his Westhampton Beach home burned down.

Chris Brocato, an attorney assigned to help guide Mr. Guldi in his defense, said during the sentencing that Mr. Guldi could be moved to a state prison as soon as last Friday.

Mr. Guldi, wearing a suit and sporting a shaved head, spoke with Justice James F.X. Doyle about legal matters related to the sentencing, and showed little emotion throughout the proceedings, smiling occasionally. A Westhampton Beach native, he worked as an attorney but was disbarred as a result of his March conviction.

Justice Doyle did not order restitution payments as part of Mr. Guldi’s sentence, saying that civil court was the proper venue for the banks that were defrauded to be repaid. Demanding restitution, Justice Doyle said, could “cloud” ongoing and future civil cases.

Ms. Stavrides said she would have preferred if restitution were part of the sentence, estimating the cost of the mortgages related to the charges against Mr. Guldi to be $30 million to $40 million.

After the proceedings, Mr. Brocato said some victims have already filed lawsuits against Mr. Guldi.

“Everyone under the sun is suing George right now,” he said. “So there’s no reason to muddy the waters.”

You May Also Like:

Express Sessions: The South Fork's Bounty, on Land and at Sea

The latest in the Express Sessions panel discussion series, “ The South Fork’s Bounty, on ... 10 May 2025 by Editorial Board

East Hampton Town, Village Spar Over Dispatching Future, End 30-Year Agreement

The East Hampton Town and East Hampton Village governments went head to head over police ... 7 May 2025 by Jack Motz

Wainscott House Demolished To Make Way for Controversial Spec House

A battle between a Wainscott Hollow Road property owner and the East Hampton Town Architectural ... by Jack Motz

Planners Workshop Development, Historic Preservation in East Hampton Village Comprehensive Plan Meeting

One of the bolder moves proposed at the second East Hampton Village Comprehensive Plan workshop ... by Jack Motz

East Hampton Town Affordable Housing Buy Derailed, as Attorney Details Long History of Preservation Efforts

East Hampton Town’s plan to purchase land from Suffolk County — with the intent to ... by Jack Motz

East Hampton Town Eyes Historic Structure Rehabilitation on Town Hall Campus

The East Hampton Town Board is looking to restore the Peach House, a historic structure ... by Jack Motz

Raheem Soto, Republican Nominee for 2nd District Suffolk County Legislature Seat, To Kick Off His Campaign in Westhampton Beach

Raheem Soto, the Republican candidate for the 2nd District Suffolk County legislative seat, will kick ... 1 May 2025 by Stephen J. Kotz

Staffing Shortages Plague East Hampton Town Hall | 27Speaks Podcast

East Hampton Town recently found itself in a bidding war with East Hampton Village over ... by 27Speaks

East Hampton ZBA Member Jaine Mehring Declines To Recuse Herself Over Advocacy Efforts

East Hampton Town’s measure to curb overdevelopment resurfaced recently when an attorney requested that Zoning ... 30 Apr 2025 by Jack Motz

East Hampton Town Rolls Out OpenGov, Brings in Outside Help for Applications

To bridge a staffing gap, East Hampton Town has brought in an outside law firm ... by Jack Motz