Escrow Agent Gets 2 Years For Swiping $600,000+ In Company Checks

From the Maryland U.S. Attorney's Office:

• U.S. District Judge Deborah K. Chasanow sentenced Rebecca Biglow, age 35, of Upper Marlboro, Maryland, [October 1] to 24 months in prison followed by 5 years of supervised release for bank fraud, announced United States Attorney for the District of Maryland Rod J. Rosenstein. According to her guilty plea, Biglow used her employment as a loan funder at a settlement company in Greenbelt from June 2005 to May 2006 to gain access to settlement files and find checks payable to the creditors of the company’s clients that had not been negotiated or cleared. She would then void the checks, and reissue new checks in the same amounts drawn on a company account and made payable to herself or her creditors.

For more, see U.S. Attorney Press Release - Former Settlement Company Employee Sentenced to Two Years for Bank Fraud (Issued Over $600,000 in Company Checks to Pay Off Her Mortgage and Personal Expenses), and Upper Marlboro woman sentenced to two years for bank fraud (The Gazette).

For an escrow agent perspective on this story, see who the heck is watching the money????

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