A New York man is accused of falsifying a deed to a Bergen County property and then taking out over $600,000 in loans against it, Bergen County prosecutors said.
David M. Greenspan, 47, of Monsey, New York, is charged with second-degree counts of theft by deception and identity theft, and third-degree counts of forgery, forgery by uttering and tampering with public records.
Authorities in Bergenfield began investigating after receiving a tip about deed fraud in January 2025 regarding a property in town, officials said.
A year-long investigation discovered that Greenspan forged a signature on a deed, had it notarized and submitted it to the borough to transfer ownership of the property from a dead person, officials said.
The property was valued at $306,000 and Greenspan is accused of racking up $323,000 in loans against the property.
In total, prosecutors say Greenspan fraudulently obtained $629,000 in assets after accounting for the house and the loans.
A Teaneck man was also charged in the scheme with fourth-degree false swearing after investigators said he notarized a deed without affirming the presence of a signer and failed to follow strict public notary laws.
Greenspan was arrested on Jan. 13 and appeared in court the next day. He was released pending further court appearances.
Greenspan’s attorney did not immediately respond to a request for comment.