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Article: Title agent gets 7 years Pasadena woman guilty of fraud, pocketed $3.4M
- Article from:
- Maryland Gazette
- Article date:
- September 16, 2009
- Author:
CopyrightCopyright 2009 Maryland Gazette. Provided by ProQuest LLC. (Hide copyright information)
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The owner of a Severna Park title company was sentenced last week
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 Sept. 9 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. ...