The Record-Review – The official newspaper of Bedford and Pound Ridge, New York


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The official newspaper of the towns of Bedford and Pound Ridge, New York


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January 3, 2014

‘Pops, Patriots and Fireworks’

Pound Ridge/Scotts Corners

  1. Scotts Corner Market – Trinity Corners Shopping Center;  55 Westchester Avenue

  2. Pound Ridge Sunoco — 66 Westchester Avenue    

  3. Sam Parker Country Market — 257 Westchester Avenue    

Bedford Village

  1. Bedford Rexall Pharmacy — Hunting Ridge Mall; 424 Old Post Road  

  2. Village Green Deli — Village Green; Routes 22 and 172    

  3. Bedford Shell — Routes 22 and 172 (at blinking light); 848 So. Bedford Road

  4. Village Service Center —193 Pound Ridge Road (at Long Ridge Road intersection)    

Bedford Hills

  1. Bedford Hills Deli – 7 Babbitt Road    

  2. Bueti’s Deli – 526 Bedford Road (Route 117)


  1. NoKA Joe’s – 25 Katonah Avenue    

  2. Steger’s Paper Mill – 89 Katonah Avenue    

  3. Katonah Pharmacy – Katonah Shopping Center; 294 Katonah Avenue   

  4. Bagel Shoppe – Katonah Shopping Center; 280 Katonah Avenue    

  5. Katonah Sunoco – 105 Bedford Road

Mount Kisco

  1. Teamo/Mt. Kisco News – 239 Main Street    

Cross River

  1. Bagel Boys Café – Cross River Shopping Center; Routes 121 and 35    

  2. Cross River Shell Station – Route 35    

  3. Cameron’s Deli –  890 Route 35    

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Former Bedford Hills condo manager receives five-year sentence


On Dec. 23, Peter Iovino, formerly of Shrub Oak, received a five-year sentence for wire and bank fraud, having stolen more than $280,000 as the real estate agent at Bedford Terrace apartments on Nottingham Road in Bedford Hills. The sentence was delivered by Judge Vincent L. Briccetti in U.S. District Court and stems from Mr. Iovino’s guilty plea a year ago on Jan. 16, 2013.

The real estate agent was serving AS president of Richard Peters Total Realty in Bedford Hills when the fraud occurred. Richard Peters Total Realty and a predecessor company, Total Real Estate Services Inc., served as the property management company for Bedford Terrace, a condominium complex comprising 76 units on Nottingham Road in Bedford Hills.

As manager of Bedford Terrace since 2000, including five years in which he lived in the condos, Mr. Iovino submitted a fraudulent loan document forging signatures of condo board members. According to the documents, the condo board never approved or authorized the loan.

According to the justice department, Mr. Iovino took the loan “to improperly obtain money for his personal use.” The loan application included, among other things, forged documents such as fictional board meeting minutes.

In addition, in 2011, Mr. Iovino used a debit card to withdraw funds from Bank of America accounts belonging to the members’ association without the association’s authorization. “Mr. Iovino illegally and improperly withdrew over $140,000 in funds from Bedford Terrace’s accounts,” stated the federal complaint.

Court papers reveal that over a two-year period Mr. Iovino used a debit card to pay for food, gas and other personal expenses, including gambling expenses paid to such Las Vegas and Atlantic City hotels as Harrah’s and the Borgata.

On Oct. 2, 2011, the members of the board contacted the Bedford police. The police visited Mr. Iovino at his office and asked him to leave the premises. At that point his management role with Bedford Terrace was terminated.

Soon after, board members received the fraudulent paperwork from the First Association  bank. They noticed their signatures on many of the loan documents. The government showed evidence that a former employee of Mr. Iovino’s was coaxed into notarizing a series of blank pages of the loan document in exchange for $100. “He then came back and asked her to notarize a second set of the document,” said the justice department. “This time he gave her a bottle of wine.”

On Jan. 16, 2013, Mr. Iovino pleaded guilty to the two counts. His sentencing was delayed throughout 2013. In a pre-sentencing document, the justice department argued for up to 11 years in prison for “an incredibly serious offense, stealing over $280,000 from a small condominium association that had entrusted him with managing their property. And he stole through a scheme of lies and sophisticated fraud, including doctored bank statements and records of fictional board meetings. … Iovino’s fraud has caused significant harm to real victims who are out very real amounts of money.”

In pretrial documents, Mr. Iovino made a series of accusations about the complicity of the Bedford Terrace board members, accusations for which he provided “essentially no grounds of collaboration or support,” according to the justice department.

Along with the five-year sentence issued last week, in a separate court matter, a judgment of $283,430 was levied against the defendant. Mr. Iovino has additional proceedings in bankruptcy court.

On Dec. 24, Peter Iovino filed for Chapter 7 in U.S. Bankruptcy court. He listed $370,000 in assets, including $350,000 in real estate, and more than $5 million in liabilities. One of his companies, Millennium Real Estate, is in Chapter 11 bankruptcy.

Mr. Iovino’s attorney, Domenick Porco of Scarsdale, did not return a request for comment.

Read more local coverage of your hometown in this week’s issue of the The Record-Review. Newsstand copies are available at several locations listed above, or subscribe today for convenient home delivery.