|
Southern
Star Title's Ibanez Indicted--April 16, 2010: "Rogelio “Roy” Ibanez Jr., 44, of Mission, Texas,
was charged with wire fraud and theft from an employee benefit plan in an 11-count indictment returned by a Houston grand
jury on Wednesday, March 14, 2010...Ibanez surrendered himself to federal authorities in McAllen, Texas, and made his initial
appearance." The press Release further states, "The indictment alleges Ibanez directed employees of his law
firm to transfer approximately $550,000 out of Southern Star Title’s escrow accounts in 2008 without
the knowledge or approval of title company employees and that Ibanez stole smaller sums of money from the title company’s
401(k) plan." [Emphasis added.]
Please read the full U.S. Attorney's Press Release.
Read the full Indictment.
----------------------------------------------------------------------------------------------
2/1/2010 A new Guaranty Fee Remittance Form has been approved
by the TDI Commissioner in a hearing in 2009. Please take a look on the Guaranty Fees page of our website. Reminder to always use the forms from our website. Using others may delay
your remittance and cost everyone time and expense. Thank you.
----------------------------------------------------------------------------------------------
Hinojosa
pleads guilty -- On January 7, 2010, Edward Hinojosa, former controller and accountant for Webb County Title
& Abstract Company, Inc. (now in Receivership), plead guilty to 13 counts of varying degrees of theft, 3 counts of fraud,
and 1 count of misapplication of fiduciary property. While Hinojosa is in Webb County Jail, a recommendation for
12 years to serve is before the judge. Sentencing is scheduled January 21, 2010.
Please see the article in
the Laredo Morning Times.
----------------------------------------------------------------------------------------------
11/20/09 The
Guaranty Fee Frequently Asked Questions have been updated. Please take a look on the Guaranty Fees page of our website.
----------------------------------------------------------------------------------------------
As of October 23, 2009, the deadline to file Proofs of Claim in the Southern Star Title Company, LLC receivership has been extended to March 31, 2010. Publication of the notice should commence in a Hidalgo County newspaper
soon.
----------------------------------------------------------------------------------------------
On May 13,
2009, Edward Hinojosa, former controller and accountant for Webb County Title & Abstract Company, Inc. (now in Receivership),
was indicted for multiple counts of theft, forgery & misapplication of fiduciary property. Also indicted
was another employee of the title company, Raul Labrada.
Please see the article in the Laredo Morning Times.
|
