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Bronx real estate agent has been charged with grand larceny and other crimes after allegedly swindling a 70-year-old homeowner facing foreclosure, the Bronx District Attorney's Office announced.

    Kenneth Lester Floyd Jr., 63, of Prospect Avenue, is accused of convincing Garnett Miller to transfer ownership of his Baychester home under false pretenses. Floyd promised Miller that transferring the property would help secure foreclosure protection and claimed he would find tenants to pay off the mortgage arrears. However, after collecting over $60,000 in rental subsidies from the city's Family Homelessness and Eviction Prevention Supplement program, Floyd did not make any mortgage payments or return the property.

    District Attorney Darcel D. Clark said Floyd exploited his position as a licensed professional to gain Miller's trust, ultimately depriving him of his home and financial security. "Licensed professionals are not immune from committing fraud," Clark warned. "It is essential to research professionals before entrusting them with valuable assets."

    Floyd was arraigned on charges including grand larceny, welfare fraud, and scheme to defraud. He is scheduled to return to court in March 2025. Miller continues to reside in the home and is battling Floyd in civil court to reclaim ownership.

    Clark cautioned residents to thoroughly vet licensed professionals, particularly when dealing with significant assets like real estate. "Simply because someone is a licensed professional does not mean they are above committing fraud," Clark said.