Barry Zornberg, accused of participating in a fraud in which...

Barry Zornberg, accused of participating in a fraud in which at least 10 Long Island homeowners were cheated out of a total of $1.3 million dollars, leaves federal court in Central Islip on Thursday, Feb. 20, 2014, after being released on bail. Credit: James Carbone

A disbarred Long Island attorney accused of lying to federal agents has until Tuesday to get legal papers signed to support a multimillion-dollar bail package.

Barry Zornberg, 54, of Hauppauge, was arrested last week on charges of lying to FBI agents about his role in a fraud scheme in which homeowners were falsely promised that if they worked with associates of Zornberg, their homes would be saved from foreclosure.

U.S. District Judge Leonard Wexler released Zornberg on Thursday for one day in order to produce the legal papers supporting bail.

Zornberg returned to the Central Islip courtroom Friday with deeds to more than $3 million in properties, but Wexler said he was dissatisfied because one of the properties was in the name of Zornberg's wife and the others were held in a joint trust by Zornberg and his wife.

Zornberg said his wife was unable to appear because she was receiving medical treatment.

Wexler agreed to release Zornberg until Tuesday, when the defendant is to return to court with confessions of judgment -- legal documents saying that if Zornberg fails to meet bail conditions the government could seize the properties.

Zornberg's attorney, Glenn Obedin of Central Islip, declined to comment afterward.

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