Home Police, Fire & Courts Prominent Brick Lawyer Stole $1.2M From Elderly Clients, Prosecutors Say

Prominent Brick Lawyer Stole $1.2M From Elderly Clients, Prosecutors Say

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Robert Novy (Photo: Ocean County Jail)
Robert Novy (Photo: Ocean County Jail)

An attorney from Brick Township who is a prominent member of Ocean County’s legal community has been charged with stealing more than $1.2 million from elderly clients.

The victims, in some cases, did not have close relatives to guard their interests or suffered from dementia when Robert Novy took the money, Attorney General Christopher S. Porrino announced Tuesday.

Novy, 65, of Brick, who once hosted a radio show and taught seminars on elder law, is facing charges of first-degree money laundering, second-degree theft by unlawful taking, and second-degree misapplication of entrusted property. Novy is being lodged in the Ocean County Jail with bail set at $500,000.

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In addition to arresting Novy, detectives this morning executed a search warrant at the offices of Novy & Associates, LLC, on Ridgeway Avenue in Manchester, seizing billing records and other evidence. The Attorney General’s Office obtained a court order freezing over $3.5 million in assets held in various bank accounts of Novy and his law firm. Attorneys from the Division of Criminal Justice also applied for a Superior Court judge to appoint a trustee to oversee the business operations of the law firm.

The charges are the result of an ongoing investigation by the Division of Criminal Justice Financial & Computer Crimes Bureau, assisted by the New Jersey Division of Taxation Office of Criminal Investigation. The case was referred to the Division of Criminal Justice by Ocean County Surrogate Jeffrey W. Moran. Novy also was investigated by the New Jersey Office of Attorney Ethics, which issued an ethics complaint against him on Jan. 26, 2016, and assisted the Division of Criminal Justice.

From 2010 through 2015, Novy allegedly stole more than $1.2 million from four clients. He allegedly laundered most of the funds through his attorney trust accounts and attorney business accounts. The Division of Criminal Justice, as part of its ongoing investigation, is looking at other “large suspicious financial transactions” involving numerous other clients of Novy, a statement said.

Novy has participated in educational seminars on topics of elder law and hosted a bi-monthly radio program “Inside the Law,” which focused on topics of concern to senior citizens.

“While Novy held himself out as a leading legal advocate for the elderly, we allege that he corruptly used his reputation and his law license to prey on vulnerable seniors, taking control of their finances and stealing more than $1 million from their life savings.” said Porrino. “In his greed, Novy not only betrayed his oath as a lawyer to uphold the law, he betrayed all standards of decency.”

“When senior citizens hire a lawyer to put their financial affairs in order, they should be able to trust that they will be treated honestly and with respect. Instead, Novy is charged with deviously draining his clients’ estates,” said Director Elie Honig of the Division of Criminal Justice. “We urge anyone with information about such thefts by Novy to contact our office.”

In conducting the investigation, the Division of Criminal Justice obtained and reviewed voluminous bank records and conducted an extensive financial analysis. The investigation revealed that Novy allegedly stole funds from elderly and deceased clients who, in some cases, did not have a close relative to claim their estate or challenge Novy’s actions. Novy gained control through wills, powers of attorney, and trust documents, making himself the sole financial decision-maker for these clients.

Typically, Novy transferred funds from the personal bank accounts of the clients to his lawyer trust accounts. It is alleged that he then excessively billed the clients without any supporting invoices, withdrew funds from the trust accounts, and deposited funds into his personal bank account or the law firm’s operating account. In some instances, Novy allegedly withdrew funds from his clients’ personal bank accounts and deposited the funds directly into his personal bank account or law firm’s operating account. When clients had sizeable assets in the form of an annuity or life insurance policy, Novy allegedly directed insurance companies to redeem the policies and send the money directly to him.

In some cases, when challenged by trustees or relatives about particular funds that had been withdrawn from client accounts, Novy claimed they were “administrative errors” and repaid the funds. The Division of Criminal Justice is continuing to investigate suspicious transactions related to more than a dozen additional clients of Novy.

It is alleged that Novy engaged in the following thefts from clients:

  1. He allegedly stole $78,000 from an 88-year-old woman who suffered from dementia, billing the woman and her estate a total of $78,000 that was not supported by any invoice or records showing justification.
  2. He allegedly stole more than $176,000 from an 85-year-old woman who suffered from Alzheimer’s. Among other things, he allegedly withdrew funds directly from her personal account totaling nearly $60,000, converting them into cashier’s checks and depositing the checks directly into his personal account. In addition, he allegedly used his power of attorney to cash out an annuity the woman held, depositing over $122,000 into his attorney trust account and then issuing checks from that account to his law firm totaling $117,000, claiming they were “power of attorney fees.”
  3. He allegedly stole at least $459,000 from an 87-year-old woman. Among other things, he deposited proceeds totaling roughly $387,000 from two annuities into his attorney trust account, and subsequently transferred those funds into his law firm’s business accounts. He claimed part of the money was for attorneys’ fees and power of attorney fees, but he did not justify those huge fees.
  4. He allegedly stole nearly $550,000 from another elderly woman. He allegedly transferred nearly $300,000 that he held for her in his attorney trust account into the firm’s business accounts without any invoices or evidence that legal services were provided. On another occasion, Novy allegedly wrote himself a check for $250,000 from the woman’s personal bank account and deposited it into his own personal bank account.

First-degree money laundering carries a sentence of 10 to 20 years in state prison, including a mandatory period of parole ineligibility equal to one-third to one-half of the sentence imposed, and a fine of up to $500,000. Second-degree crimes carry a sentence of five to 10 years in state prison and a fine of up to $150,000.

Porrino and Honig urged anyone with information about alleged misappropriation of client funds or other suspicious transactions involving Novy to contact the Division of Criminal Justice’s toll-free tipline 1-866-TIPS-4CJ to report the information confidentially.


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  • Joseph Woolston Brick

    Glad this guy was caught. I was just about to search for an elder lawyer for my parent. What a scumbag!

  • KaayC

    With any luck at all, he will be in Washington D.C. in no time!

  • Jake Davidson

    These bad apples give attorneys a bad name.

  • Goodgrief

    On top of being a thief he has the smug looks of an arrogant lawyer.