Attorney Julie Fry says Benjamin Lovell "didn't intend to steal from anyone." She says he'll explain in court what the bank told him that led him to believe the $5.8 million account was his.
The 48-year-old Brooklyn salesman has been arrested on grand larceny charges. A judge lowered his bail Friday from $1 million to $10,000 in cash.
Authorities say Lovell spent the misbegotten money on jewelry, cash gifts to friends and failed investments.
The account belonged to a trust, and a different Benjamin Lovell was a signatory on it.
