Disbarred Area Attorney Charged with Real Estate Fraud

Alexander Iler was arrested on a charge of second-degree theft for fraudulently converting the ownership of a property in the Locust section of Middletown to his own name.

A former area lawyer 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 Middletown resident 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 authorities. 

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 of 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, who was a criminal attorney, specialized in traffic violations and Internet crimes, among others.

Hex February 09, 2013 at 07:10 AM
I feel sorry for his wife & children. I wonder if she knew what he was doing & up to is my question? How much jail time did he get and what jail or prison is he in.
lbminas1 February 13, 2013 at 01:32 PM
I know for a fact they did not know and are trying to divorce him. Both parents suffered heart attacks and he swindled more than $1M from them, and more than $1M from friends and family and clients who relied on his good family name. Whole family is devastated by this Psychopath who they say like Bernie Madoff, no excuses or explantion for what he did to everyone he met.
Hex February 20, 2013 at 06:46 PM
You must be close to the family to know all that information. How much jail time? What prison is he in? Did he get a slap on the wrist because his father was a Judge for Monmouth County? My guess he did. Is he at his parents home with a bracelet on? Did they take his passport for a flight risk?
Mindi Kresyman March 05, 2013 at 04:10 AM
he was a terrible lawyer omg he was my husbands and he was very poor
Mindi Kresyman March 05, 2013 at 04:11 AM
so I agree keep the loser locked up


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