Authorities say an Englewood Cliffs lawyer absconded to Korea with $265,954.84 of a client’s money for a mortgage lien, in addition to funds from others. A warrant has been issued for his arrest, and investigators are asking whether anyone else has been victimized.
Kim (courtesy BERGEN COUNTY PROSECUTOR’S OFFICE)
Among the trust-fund cash that authorities said he used on himself, Yong Wook Kim is accused of failing to forward the money needed to a property lien.
The seller kept getting notices that her mortgage was going upaid, but she was “under the impression that her mortgage was satisfied because her house had been sold,” Bergen County Prosecutor John L. Molinelli said.
“The investigation revealed that Mr. Kim did not forward the funds to the mortgage company as he was required to do by law,” Molinelli said. “Rather, Mr. Kim used the money for [himself].”
Kim, who lived on Piermont Road in Closter and turns 44 this coming Monday, flew to Korea on March 10 and was due back the end of last month, the prosecutor said. He is officially considered a fugitive from justice.
Molinelli asked that anyone who may have been taken by Kim contact Detective William Valentine at 201-226-5772.