Frank V. Carone was born and raised in Brooklyn, New York where he attended and graduated from St. John’s University cum laude in 1991 with a Bachelor of Science Degree in Finance. He received his Juris Doctor at Brooklyn Law School, where he graduated in the top of his class in 1994 and received the award for American Jurisprudence in Legal Ethics.
Mr. Carone has extensive experience in many complex areas of the law including, Criminal Defense, Regulatory Compliance, Banking, Litigation and Corporate Governance.
Mr. Carone served in the United States Marine Corps from 1993 to 1995, whereupon completion of Officers Candidate School, he was commissioned 2nd Lieutenant. He also graduated from The School of Mortgage Banking in 1999. Mr. Carone acts as counsel to the Chairman of the Kings County Democratic County Committee and is also an active participant in Bar Association conferences and in seminars offered by several other trade associations. He has served as a guest lecturer at the Brooklyn Bar Association, where he is also a Trustee, and has lectured at the Columbian Lawyers Association of Brooklyn. He is consulted regularly by attorneys and members of the profession on mortgage compliance, litigation, corporate governance and complex criminal matters. Mr. Carone’s business achievements include founding a multi-state mortgage bank with over 200 employees until he negotiated a merger with a larger mortgage bank. He served as a member of the regulatory compliance committee of the Mortgage Banking Association of America and was asked to serve as legal counsel for the Bay Ridge/Bensonhurst Multiple Listing Service. Recently, Mr. Carone also serves as general counsel for the first pain management ambulatory surgery center licensed as an Article 28 facility.
Mr. Carone was appointed by Mayor Michael Bloomberg to the NYC Taxi & Limousine Commission and his appointment was approved unanimously by the NYC Council on March 2, 2011 for a term through January 31, 2015.
Mr. Carone’ s is a member of the New York State Bar Association, Association of Trial Lawyers of America, Brooklyn Bar Association, The American Association of Bank Directors, National Association of Criminal Defense Lawyers, Kings County Criminal Bar Association and the Columbian Lawyers Association. Mr. Carone is a Board member and audit chair of Hanover Community Bank (HCB). (www.hanovercommunitybank.com) During his time on the Board at HCB, the Board has successfully reorganized and recapitalized the Bank. Mr. Carone was also asked to join the Board and chair the audit committee of RBSCC, to help restructure the agency, which the new Board has successfully done. RBSCC is a non-profit which serves 30,000 constituents and has a budget of almost $100,000,000.00. Mr. Carone is also on the Board and Audit Chair of the Catholic Foundation of Brooklyn and Queens. (www.catholicfoundationbq.org) Recently, Mr. Carone joined the founding advisory Board of the New York League of Independent Bankers. (www.nylib.org)
Areas of Practice
- Criminal Law
- Civil Litigation
- Corporate Governance and Not-For-Profit Audits
- Banking and Mortgage Compliance
- Government Relations, Municipality, and Election Law
- New York
- New Jersey
- Brooklyn Law School,Brooklyn,New York
- St. John's University
- B.S., Bachelor of Science(Cum Laude)
Professional Associations and Memberships
- NYC Taxi & Limousine Commission,Commissioner
- New York State Bar Association,Member
- Association of Trial Lawyers of America,Member
- Brooklyn Bar Association,Member
- The American Association of Bank Directors,Member
- National Association of Criminal Defense Lawyers,Member
- Kings County Criminal Bar Association ,Member
- Columbian Lawyers Association,Member