Ex-Brooklyn judge, real estate developer accused of scamming investors out of millions

May 13, 2026 - 23:20

Federal prosecutors have accused a former Brooklyn judge and a real estate developer of running a fraudulent investment scheme that swindled victims out of millions of dollars. Edward Harold King, who previously served as a judge in Brooklyn, and developer Sam Sprei are alleged to have lied to investors about a sham real estate venture. According to court documents, the pair promised high returns on projects that either did not exist or were never properly funded. Instead of using the money for construction or property acquisitions, authorities say the two men diverted funds for personal expenses, including luxury travel and legal fees. The scheme reportedly targeted both individual investors and small businesses, with losses estimated in the millions. King and Sprei face charges of wire fraud and conspiracy. If convicted, they could face decades in prison. The case highlights ongoing concerns about financial oversight in real estate deals, particularly those involving high-profile figures. Prosecutors are urging other potential victims to come forward as the investigation continues.