A Las Vegas man has pleaded guilty to escrow theft, according to the Nevada Attorney General's Office.
James Limperis, 54, pleaded guilty to one count of theft. The theft occurred between April and October 2012.
According to the indictment, Limperis is accused of withdrawing more than $1.7 million from an escrow account holding his victim’s money, and placing it into his own bank account. Ultimately, the defendant spent the funds on personal expenses without the victim’s consent.
The charge of theft is punishable by 1-10 years of imprisonment. The sentencing hearing for the defendant is scheduled for Nov. 7.
The Office of the Nevada Attorney General’s Criminal Prosecution Unit is responsible for the investigation and prosecution of this case.