Minnesota Feds Indict Two Closing Agents For Allegedly Stealing $2 Million

The Star Tribune reports:

• "Two Minnesota executives of a real estate closing firm have been charged with stealing more than $2 million in home mortgage loans by routing $370 million in loans to the wrong bank account. A federal grand jury indictment handed down Thursday charged Molly L. Heise, 49, of Chaska, the owner of real estate closing firm Profile Title & Escrow Corp. of Bloomington and New Hope, and Christine A. Hein, 38, of Buffalo, the company's chief financial officer, with multiple counts of criminal wrongdoing, including wire fraud and money laundering. It was the latest in a small flood of real estate scams in Minnesota. In the past two months, 11 people have been charged with types of mortgage fraud and five have pleaded guilty, said the U.S. attorney's office in Minneapolis, which prosecuted the cases."

For more, see Two charged in $2 million scam (The women indicted Thursday were among 11 people in the past two months facing charges of mortgage fraud in Minnesota).

See also: Fraud probe nets pair (Title company execs indicted) (Pioneer Press)

Go here for stories on other alleged escrow agent mishandling of funds. sneaky slick escrow agents alpha