tag:blogger.com,1999:blog-2004334878153382863.post7532963255261789317..comments2023-02-16T04:29:57.851-06:00Comments on the wasserblawg: PLM Title Shutteredmhwpchttp://www.blogger.com/profile/07730709762735532466noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-2004334878153382863.post-44766711788930434382011-06-21T14:27:45.302-05:002011-06-21T14:27:45.302-05:00DuPage women get 10 years each in mortgage scam
T...<a href="http://www.chicagotribune.com/business/breaking/chibrknews-dupage-women-get-10-years-each-in-mortgage-scam-20110620,0,2571979.story" rel="nofollow">DuPage women get 10 years each in mortgage scam</a><br /><br />Two DuPage businesswomen who illegally used money from customers at their Wheaton title company for their personal use each were sentenced today to 10 years in prison and ordered jointly to pay $1.8 million in restitution.<br /><br />Pamela Williams, 58, of Darien, and Patricia Johnson, 57, of Naperville, pleaded guilty in April to 10 counts of theft, stemming from their operation of the PLM Title Company from 2005 to 2008.<br /><br />The pair would facilitate homeowners seeking a refinanced mortgage and were supposed to take the funds issued by a new mortgage lender and pay off a customer’s first mortgage.<br /><br />Assistant DuPage County State’s Attorney Diane Michalak said that the pair “ran the business into the ground” and used their customers’ money to pay off credit cards bills and pay for personal expenses, like Williams’ daughter’s wedding at a DuPage country club, upkeep of a trailer at a Indiana lakeside, and refurbishing Johnson’s home kitchen with new cabinets.<br /><br />Michalak said that many of their former clients still own double mortgages on their homes and have not recovered from their financial loss, while some have received insurance settlements after many months of paying double mortgages.<br /><br />“You should be ashamed of your pitiful, disgusting, shameful behavior,” said Judge John Kinsella. “One iota of common sense in your brain should have made you realize what you were doing.”<br /><br />Mark Kowalczyk, Johnson’s defense attorney, said, “The collapse of the real estate market caught these ladies off guard. They were intending to pay off.”<br /><br />Michalak acknowledged that the downturn of the real estate market in 2007 had an adverse effect, “but when that crash happened, they just stole more money.”<br /> <br />Several victims testified that they paid off two mortgages for extended periods of time, with some getting insurance settlements and others still waiting for help.<br /><br />Jocelyn Cole, of Chicago, testified, “I still have two mortgages and I can’t pay the bill. I worked hard for someone to tear it all down.”<br /><br />Wheaton Detective David Zdan said that the firm closed its doors in 2008 after being confronted with evidence that the officials may have stolen more than $3 million that they were covering up in audits by producing counterfeit bank payments.<br /><br />Michalak said that the investigation showed that the pair may have illegal taken as much as $3.2 million from September 2005 until the scheme was uncovered in April 2008, and that police believe the theft may have begun as early as 2002, possibly accounting for another $3 million in stolen funds.<br /><br />She said that from 2005 through 2008 each of their expenses were about $9,000 to $10,000 a month more than their income.<br /><br />Both Williams and Johnson were eligible for prison terms from four to 15 years.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2004334878153382863.post-52318081035102858432010-12-23T16:21:41.776-06:002010-12-23T16:21:41.776-06:00I used to work there only for a few months I had ...I used to work there only for a few months I had suspicions now I know the truth. Kudos to the the police for nailing these two.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2004334878153382863.post-11767844496561045532010-10-14T12:05:45.430-05:002010-10-14T12:05:45.430-05:00Looks like the indictments have come come out.
...Looks like the indictments have come come out. <br /><br />http://www.chicagobreakingnews.com/2010/10/prosecutors-as-much-as-6-million-stolen-in-mortgage-scam.htmlLaw Office of Robert Lattashttps://www.blogger.com/profile/07691743207745158622noreply@blogger.comtag:blogger.com,1999:blog-2004334878153382863.post-23645768691504054812008-06-24T15:00:00.000-05:002008-06-24T15:00:00.000-05:00There is a criminal investigation well within the ...There is a criminal investigation well within the works with the Wheaton Police Department. However, these things take time. The owner and manager of the title company will not get away with this. They will go to jailAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2004334878153382863.post-23616317030834888242008-06-04T17:04:00.000-05:002008-06-04T17:04:00.000-05:00My wife and I refinanced our mortgage thru PLM. H...My wife and I refinanced our mortgage thru PLM. Here is the gist:<BR/>Our lender never received the payoff,<BR/>PLM stalled as best it could,<BR/>Pamela Williams sent misleading assurances to me (presumably to stall), and<BR/>The final check to my lender was not honored (PLM stopped payment on it).<BR/><BR/>Apparently there are several people affected by this fraudulent title company and the crooks who led it.<BR/><BR/>We have not yet been made "whole". This has been an utterly disgusting experience. It is distressing to know that there are such title companies out there. Hopefully these crooks will be brought to justice and shall feel the full weight of the law.<BR/><BR/>It is interesting that no more "facts" pertaining to this case have been brought forward, considering this was not a small criminal matter. <BR/><BR/>If anyone has advice on how to proceed, other than simply waiting for the Insurance companies (Guaranty and Pacific) to decide on when to make us "whole", then please feel free to share. Thank youAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2004334878153382863.post-44302070113535802552008-06-03T11:18:00.000-05:002008-06-03T11:18:00.000-05:00I am one of the victims of PLM Title Company. I ha...I am one of the victims of PLM Title Company. I have submitted all my documents to the Insurer but to date they cannot give me a timeline as to when this can be settled. Now, I am paying 2 mortgages. This is such a mess! And no one can give me a direct answer.<BR/><BR/>Victim #1Unknownhttps://www.blogger.com/profile/16878114569693349772noreply@blogger.com