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SBJ Special Report: Guaranty Title Collapse

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SBJ continues to cover the fallout of Nixa-based Guaranty Title Co.'s abrupt June 19, 2007, closure that has left its underwriter, the state and others in the industry with unanswered questions.
 
Guaranty Title owners sentenced for $4.1M wire fraud
Published Dec. 2, 2010
The former owners of Guaranty Title Co. were sentenced in federal court for wire fraud, bank fraud and money laundering schemes.



Guaranty Title debacle lingers two years later
Published June 22, 2009
Former customers are stewing over the absence of arrests and charges on the second anniversary of agency's collapse.



FBI 'aggressively' investigating Guaranty Title Co. meltdown
Published June 23, 2008
A year after Guaranty Title Co. collapsed, no one has been arrested or criminally charged in connection with an alleged check-kiting scheme that swindled former customers out of millions of dollars. While parties slog through the court system in hopes of recouping at least some of the money they lost, the local FBI office is continuing its financial fraud investigation into the now-defunct Nixa-based title agency.



Two Guaranty Title co-owners settle state complaint, turn in licenses
Published June 9, 2008
Two co-owners of the Nixa-based title insurance agency that abruptly closed last year have settled a complaint filed in December by the Missouri Department of Insurance, Financial Institutions and Professional Registration.



Attorney: Small-claims victims deserve day in court
Published March 10, 2008
A Springfield attorney contacted by several people with smaller claims against Guaranty Title Co. said he's considering legal action on the group's behalf against the defunct Nixa-based title agency.



Judge OKs subpoena of Guaranty Title audits
Published Jan. 14, 2008
A Branson development company suing a Nixa-based title agency that suddenly ceased operations in June will soon have access to internal documents subpoenaed from the agency's underwriter.



State files complaint against Guaranty Title
Published Dec. 17, 2007
The Missouri Department of Insurance has filed a formal complaint against a Nixa-based title company shut down by its underwriter in June when evidence of an alleged check-kiting scheme surfaced.



Attorneys flood courtroom chasing Guaranty Title funds
Published Nov. 19, 2007
The outlook is grim for banks, construction contractors and property owners hoping to wring money from the remnants of Guaranty Title Co., which was shut down by its underwriter in June after evidence of an alleged check-kiting scheme surfaced.



Guaranty Title underwriter wraps up audit
Published Sept. 10, 2007
The financial underwriter for a Nixa-based title insurance agency that abruptly closed in mid-June has completed an audit of the defunct company's records and forwarded its findings to the Missouri Department of Insurance.



Veteran title agencies forced to defend practices
Published Aug. 6, 2007
Locally owned title insurance agencies with decades of business under their belts are fielding some blunt questions from cynical customers after the unexpected mid-June closing of Nixa-based Guaranty Title Co.



Red flags at title agency date back to last year
Published July 30, 2007
While the sudden collapse of Guaranty Title Co. in June surprised many businesspeople, the agency's Virginia-based underwriter knew something was amiss and relayed its findings to the Missouri Department of Insurance last summer.



Ramifications ripple through business community
Published July 16, 2007
A ripple effect radiating from Guaranty Title's collapse is causing problems for a number of area businesses.



Guaranty Title underwriter assesses claims, details audit
Published July 9, 2007
LandAmerica Financial Group expects to pay out a large amount of money for claims made by former customers of Guaranty Title Co.



Auditors: Guaranty Title may have mishandled funds
Published July 2, 2007
Auditors working for the underwriter that recently shut down Nixa-based Guaranty Title Co. believe the company may have misappropriated funds, according to a Missouri Department of Insurance spokeswoman.



Lawsuit: $4.5M missing from Guaranty Title's escrow accounts
Published June 29, 2007
A senior auditor for the underwriter that recently shut down Nixa-based Guaranty Title Co. has found at least $4.5 million is missing from the company's escrow accounts, according to a lawsuit filed by his employer Wednesday in Christian County.



Guaranty Title abrubtly closes doors, state investigation opens
Published June 25, 2007
A Nixa-based title insurance company with offices throughout southwest Missouri abruptly shut down June 19, prompting an investigation by the state insurance department.[[In-content Ad]]

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