Estate of Zelman v. Scibelli

Appeal by the defendant Scibelli from an order of the Supreme Court, Nassau County (Becker, J.), entered March 30, 1988, which denied his motion to vacate a judgment by confession.

Ordered that the order is affirmed, with costs.

The plaintiff’s decedent, Stanley Zelman, was a client of the defendant Scibelli, who was a stockbroker. In early 1979, Zelman charged Scibelli with engaging in improper trading, resulting in a financial loss to Zelman in the amount of $30,000. Thereafter, Scibelli executed a "statement and confession of judgment”, dated June 26, 1979, acknowledging a debt to Zelman in…