Law Com reports on this attorney in Connecticut: "A veteran New Haven, Conn., lawyer has been suspended from the practice of law for six months for his role in a real estate transaction that may be a blatant case of mortgage fraud. In his special defense against interim suspension, Olmer noted that, in his 53 years of private practice, his disciplinary history includes only one reprimand in 1990. Olmer has been the defendant in five civil suits charging malpractice since 2004. Two of those were dismissed.
While the degree of culpability among those involved is disputed, there’s no question in state disciplinary officials’ minds that Morris I. Olmer falsely reported the sale price of a West Haven, Conn., property and deserved punishment.
Olmer, a member of the Connecticut Bar since 1953, characterized his handling of the real estate transaction as nothing more than sloppy oversight. He and Chief Disciplinary Counsel Mark A. Dubois’ office agreed to a resolution on Jan. 18 in which Olmer admitted "that he neglected to inform his client, the lender … that the actual sale price of the property … was not the sale price listed on the [Housing and Urban Development] form … ." Olmer also represented the seller and the buyer in the deal, according to his signed agreement to disposition.
Because of the falsely inflated sales price, he walked away from the closing with an additional $79,056 in his pocket, according to Olmer’s financial statements secured by disciplinary counsel. Other parties involved in the closing received their fees based on the $505,000 figure.