COLUMBUS – Ohio Lieutenant Governor and Insurance Director Mary Taylor announced that former Springboro title insurance agent Pamela Sue Moore has been sentenced to two years in prison. She was convicted of theft, a felony of the third degree, in Montgomery County Common Pleas Court for mishandling $360,000 in escrow funds intended for usage in closing real estate transactions. The Department revoked Moore’s resident title insurance agent and her Dedicated Land Title, LLC agency license in 2007.
A Department investigation revealed Moore illegally closed on the purchase of her own home with her Dedicated Land Title agency providing the settlement services. As part of the closing, Moore, through Dedicated Land Title, paid approximately $144,000 to the seller’s mortgage company and about $39,000 in proceeds to the seller. Moore failed to obtain financing for the purchase, instead using payments made with money placed in escrow by other clients of Dedicated Land Title. In addition, Moore paid $17,000 for office computer products and supplies for her company with funds from Dedicated Land Title’s escrow account. The title insurance company in which Moore was appointed covered the losses incurred by Moore’s clients.
Consumers with specific insurance questions and complaints can call the Department’s consumer hotline at 1-800-686-1526. Ohioans who believe a person may be committing insurance fraud should call the Department’s fraud hotline, 1-800-686-1527. Information about agent fraud and misconduct can be found on the Department’s web site, www.insurance.ohio.gov.