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Foreclosures

New Haven Lawyer Gets Prison For Buying Boats, Miami Condo With Millions Stolen From Clients

New Haven Lawyer Gets Prison For Buying Boats, Miami Condo With Millions Stolen From Clients

A New Haven bankruptcy lawyer, who paid for boats and a beachfront condominium with millions of dollars he stole from clients already hard-pressed by foreclosures and other trying financial circumstances, was sentenced to more than 5 years in prison Friday.

Peter Ressler, who advertised heavily in the New Haven area and represented low net worth bankruptcy clients, stole between $3.4 and $4.8 million, depending on how the losses are calculated, and used the money to pay for a lifestyle he could not otherwise afford, including the condo a mile or so north of Miami Beach.

Most of Ressler's practice involved guiding clients through the complexities of federal bankruptcy laws...

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