Title Insurance Agency Owner Helps Cops Sting Pair For Allegedly Using Forged Deed, Phony Cashier's Check In Failed Attempt To Fleece Him Out Of $95K

In Jeffersontown, Kentucky, WLKY-TV Channel 32 reports:

• The owner of a business with offices in Jeffersontown and New Albany said he almost got ripped off for nearly $100,000. The elaborate scam involved the sale of property located in St. Matthews.
  
  Two arrests have been made.
  
  According to investigators, a forged property deed and a forged cashier's check were keys to the scam.
  
  “Two people purportedly came into our office to transfer a piece of property for approximately $95,000,” Mike Kemp, of Kemp Title Company, said.
  
  One posed as a seller, the other as a buyer, Kemp said. They showed up at his Jeffersontown office to close the deal on a piece of St. Matthews property located near Seneca Park. “I think the facts will ultimately prove this current owner of the property didn't know that this deed was recorded,” Kemp said.
  
  Kemp said that from what he's learned, the quit claim deed is a forgery, but that's not all. “So they bring a cashier's check for the full sale's price. There was no lender involved,” Kemp said.
  
  The two men left for a couple of hours while Kemp's attorney verified the check was a phony. Jeffersontown police were called. Officers were stationed inside and outside the parking lot.
  
  “So if we accept that cashier's check, which we know ultimately would be dishonored by 5th/3rd, we would have dispersed money in the amount of $95,000,” Kemp said.
  
  Instead of possibly losing thousands of dollars, when the men returned to the office, they were arrested.
  
  Daivion Walker, 26, and Kenneth Foster, 60, both of Detroit, are charged with two counts of forgery and theft.
  
  “Ninety-five thousand dollars is a big hit to take. I'm not saying it would have put us out of business, but many companies like me, that could easily put us out of business,” Kemp said.
  
  Both men remain behind bars.
  
  Police are looking for more suspects.
  
  Kemp said he feels fortunate, because a competitor of his was recently forced to shut down after falling victim to an email scam.

Source: 2 Arrested In Elaborate Deed Scam.