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Rockville Centre insurance agent sentenced in thefts

Gerard Timoney, 54, of Rockville Centre, was arrested

Gerard Timoney, 54, of Rockville Centre, was arrested on Sept. 26, 2012. Photo Credit: Nassau County District Attorney / File

A Rockville Centre man was sentenced Tuesday to 6 months in jail and 5 years of probation for stealing nearly $1 million from a Great Neck couple, two title insurance companies and the state Labor Department, prosecutors said.

Gerard Timoney, 56, also was ordered to pay $20,000 restitution to the couple "for stealing funds placed in a trust for the payment of property taxes," the Nassau County district attorney's office said in a statement.

Timoney pleaded guilty last month to two counts of second-degree grand larceny and two counts of third-degree grand larceny. Nassau County Court Judge Christopher Quinn handed down the sentence Tuesday.

Defense attorney Glenn Hardy said his client apologized in court during his sentencing.

He said Timoney already had started serving jail time after turning himself in two months ago since the sentence terms were expected.

"Mr. Timoney pled guilty, accepted his responsibility, and worked out a favorable sentencing resolution," Hardy said.

Timoney, formerly a policy issuing agent and the former owner of TitleGuard Land Services Inc., was first arrested in September 2012 on charges he stole $870,000 meant for recording deeds and mortgages, and paying recording fees and taxes while he was retained by Stewart Title Insurance Co. and Commonwealth Land Title Insurance Co. to issue title insurance policies in their names, authorities said.

He was then arrested Feb. 6 on charges of stealing $37,504 that was meant to pay property taxes on behalf of two homeowners, and because he received $33,615 in unemployment benefits based on providing false testimony about his unemployment, according to Nassau County District Attorney Kathleen Rice's office.

Prosecutors said Timoney first filed for unemployment benefits in July 2010 after closing TitleGuard in June 2010, and didn't disclose that his business had closed due to criminal misconduct.

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