American Land Title Association
Print Friendly
Home  >  News Room
News Room

SoftPro is the nation's leading provider of Real Estate Closing and Title Insurance software

North American Title Insurance Company is a seasoned title insurance underwriter that has been helping customers achieve the American dream of homeownership for more than 50 years. In the past several years, we have become known as the “underwriter next door,� because our associates are always easy to reach and our processes are, at all times, quick and straightforward. Our agency application process is fast and transparent for qualified agents. NATIC offers a one-hour underwriting response guarantee that is unparallelled in our industry. In addition, we value our agents based on their title industry knowledge and experience, not just on profits alone.

DOJ targets Wolff, Tafeen

September 27, 2002

Investigation turns to two more former Homestore execs

Inman News Features

The U.S. Justice Department yesterday indicted three former Homestore executives on violations of securities law, now is building a case against Homestore's former CEO Stuart Wolff and former EVP Peter Tafeen, according to news reports this morning.

Wolff and Tafeen weren't mentioned in yesterday's statements from the DOJ and the Securities Exchange Commission that announced settlement agreements and guilty pleas from the three other former executives. But the two were highly enough placed at Homestore to conceivably have had knowledge of the bogus round-trip transactions that fraudulently inflated the company's revenues by $46 million last year.

The defendants who agreed to plead guilt also agreed to cooperate with the investigation and assist the authorities. They are expected to testify also about AOL's involvement in Homestore's round-trip transactions, according to news sources.

The SEC yesterday said it won't bring any enforcement action against Homestore, and CEO Mike Long said it had been a good day for the company.

Copyright: Inman News Service

Print Friendly

How To Find Us:
American Land Title Association
1800 M Street, NW, Suite 300S
Washington, D.C. 20036-5828
P. 202.296.3671 F. 202.223.5843
Copyright © 2004-2016 American Land Title Association. All rights reserved.
SecurityMetrics for PCI Compliance, QSA, IDS, Penetration Testing, Forensics, and Vulnerability Assessment