Lehigh County DA announces additional charges against Louis Belletieri
CONTRIBUTED ARTICLE
Lehigh County District Attorney Gavin P. Holihan has filed additional charges against the owner of an Allentown title insurance company who failed to properly disperse the funds he received during real estate sales on behalf of sellers he represented, according to a news release dated Jan. 25.
“Louis Belletieri, 42, of Allentown, is charged with an additional eight counts of corrupt organizations, each a felony of the first degree; 10 counts of failure to make required disposition of funds (those include seven felony counts and three misdemeanor counts) and nine counts of receiving stolen property (those include six felony and three misdemeanor counts),” according to the news release.
Belletieri was charged with three counts of alleged corrupt organizations, six counts of failure to make required disposition of funds and three counts of receiving stolen property, all felonies of the second degree, in October 2023.
The new charges came as the investigation continued and uncovered more alleged victims.
In the newest charges, 11 victims allegedly lost a total of $831,431.27.
In October 2023, the charges allege four victims lost a total of more than $1.26 million.
Belletieri surrendered to authorities and was arraigned on the newest charges Jan. 25, according to the news release.
Belletieri’s total bail on all counts was set at $260,000, 10%.
The case was investigated by Allentown Police Detective Joshua J. Baker and Lehigh County Detective Robert Egan.
Holihan and Senior Deputy District Attorney Ramma R. Mineo are expected to prosecute the case.
Authorities provided the following outline of the charges:
Belletieri was the sole proprietor of Legacy Title located at 2030 W. Tilghman St., Suite 203, in Allentown. He was the only employee with access to the Legacy Title escrow account and acted as title agent during each of the real estate transactions involved in the charges, according to authorities.
The victims who all used Belletieri as the title agent during real estate transactions include:
•A couple who allege Belletieri diverted $264,836.25 from the sale of their home. As part of his obligation as title agent representing the victims in the sale, Belletieri was required to disperse $264,836.25 to satisfy a mortgage on the property and failed to do so.
•A person who reported Belletieri failed to disperse $2,859.64 and $3,024.53 from the sale of two homes to satisfy the real estate, school and county taxes owed from the home sales.
•A person who reported Belletieri failed to disperse $710.53 and $1,154.59 from the sale of two homes to satisfy the real estate, school and county taxes owed from the sales of the homes.
•A person who reported Belletieri diverted $88,784.87 from the sale of a house. As part of his obligation as title agent representing the victim in the sale, Belletieri was required to disperse $88,784.87 to satisfy a mortgage on the property and allegedly failed to do so.
•Two people who reported Belletieri diverted $226,195.47 from the sale of their house. As part of his obligation as title agent representing the victims in the sale, Belletieri was required to disperse $226,195.47 to satisfy a mortgage on the property and allegedly failed to do so.
•A person who reported Belletieri diverted $156,670.93 from the sale of a house. As part of his obligation as title agent representing the victim in the sale, Belletieri was required to disperse $156,670.93 to satisfy a mortgage on the property and allegedly failed to do so.
•Two people reported Belletieri failed to disperse $1,651.27 after the sale of their home to satisfy the school tax owed from the home sale.
•A person reported Belletieri failed to disperse $85,543.19 after the sale of his home.