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Article: Title agent lands 7 years in federal pen
- Article from:
- Capital (Annapolis)
- Article date:
- September 10, 2009
- Author:
CopyrightCopyright 2009 Capital (Annapolis). Provided by ProQuest LLC. (Hide copyright information)
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The owner of a Severna Park title company was sentenced yesterday
to seven years in federal prison for defrauding lenders during
settlements.
Pasadena resident Deborah Williams, who sometimes referred to
herself as Deborah Williams Forney, 57, owner of Day Title Inc., had
pleaded guilty in May to a mail fraud charge.
She admitted she pocketed $3.4 million in settlement money that
was to have been used to release liens on sellers' property. She was
sentenced in U.S. District Court in Baltimore.
Williams was a settlement agent for Security Title Guaranty
which, as the title insurer, had to make up the funds that Williams
stole, according to court documents.
U.S. Attorney Rod J. Rosenstein said ...