More complaints against Korn

As of April 12, 91 complaints from victims alleging Hempstead attorney Jay Korn defrauded them out of a total of $27.8 million dollars had been filed with the Nassau County District Attorney's Office. Korn committed suicide by jumping from the roof of the building of his law firm, Korn & Spirn, on March 24.

The D.A.'s office is currently investigating whether Korn was involved in a Ponzi scheme. A spokesman said neither Korn's firm, nor his partner, Arthur Spirn, are under investigation at this time.

Jerome Reisman is a Garden City attorney representing several clients who believe they were defrauded by Korn. Among them, he said, are people who gave Korn money toward the purchase of property and allowed Korn to handle estate assets – money Reisman said is now unaccounted for. “Not only did he create this bogus investment scheme,” Reisman said. “He also converted funds from attorney-client relationships.”

Larry Cline, a Manhattan attorney, said he is also representing clients who are concerned about investments they made on Korn's advice. So far, Cline said, he has come across what appear to be fraudulent mortgage contracts. “In many cases, we've been unable to verify whether people or companies or properties as listed on the documents exist,” he said.

But Cline added that it is still too early to tell whether Korn was indeed running a Ponzi scheme.