Former President of N.Y. Title Agency Pleads Guilty to Stealing Millions

December 16, 2010

The former president and co-founder of one of the largest independently owned title companies in New York pled guilty in Manhattan federal court to defrauding clients by misappropriating and embezzling millions of dollars of escrow and other client funds, the U.S. attorney for the Southern District of New York announced.

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SoftPro, based in Raleigh, NC, offers a mature suite of products, designed specifically for the closing and title industry. Our mission is to serve our client base, with best-in-class products and services. Our products are modular so we don't force you to buy anything you don't need. You can always add on as your business grows. Unlike other software companies, we view the sale as the beginning of the relationship rather than the end. North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents.