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Wheaton title company owners stole more than $500,000 - Chicago Sun-Times
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2011 Apr 7, 7:07pm 715 views 1 comment
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TechGromit
2011 Apr 7, 10:13pm
TechGromit
2011 Apr 7, 10:13pm
Obviously these two are not rocket scientists. Exactly how long did they expect to get away with this? My only surprise is it took 6 months to arrest them. It's pretty obvious after the first month after refinancing that your receiving bills from two different mortgage companies. A few calls and it's obvious what happened. These two should have been in jail after two months, not six.
Now if your running a mortgage scam and plan to flee the country with the money I could complete understand this type of crime. But to stick you head in the sand and hope no one notices your stealing millions of dollars from them, it pretty stupid.
"Two owners of a Wheaton title company stole more than $500,000 from their customers — including a disabled Vietnam War veteran — and then used the money to pay credit card bills, buy appliances and cover business expenses."
"Meanwhile, the customers they fleeced in the home refinancing scheme often were left struggling with two mortgages, DuPage County prosecutors said."
http://www.suntimes.com/news/metro/4664854-418/wheaton-title-company-owners-refinanced-mortgages-but-kept-the-payoff-money.html
#housing