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Michael Gidro, who was disbarred in August, 2011 for ethics violations, admitted today that he used $24,000 entrusted to him by a Teaneck client for personal expenses, including $19,000 for real estate taxes that he owed.
“I was expecting to cover [the amount] from another source that did not come through,” Gidro (above) told Superior Court Judge Patrick J. Roma today.
“You mean you used the money for personal expenses?” the judge asked.
“Yes,” he replied.
Although he gave him five years of probation, Roma told Gidro might consider reducing the length of the term “if you are able to make a substantial payment, the probation might be reduced.”
Gidro, who operated a law practice on Queen Anne Road in Teaneck, told the judge he has repaid part of the money but still owes the bulk of it.
Public Defender Seth Victor told CLIFFVIEW PILOT that his client owes “several thousand dollars” to several individuals.
Gidro originally was indicted on charges of misappropriating funds from four clients, not including the one from today’s plea.
STORY / PHOTO: Mary K. Miraglia, CLIFFVIEW PILOT Courthouse Reporter
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