Welcome to The Home Equity Theft Reporter, a blog dedicated to informing the consumer public and the legal profession about Home Equity Theft issues. This blog will consist of information describing the various forms of Home Equity Theft and links to news reports & other informational sources from throughout the country about the victims of Home Equity Theft and what government authorities and others are doing about it.
Thursday, November 24, 2016
Lawyer Who Was Bagged For Embezzling Over $160K From Disabled Client's Trust Fund Buys Her Way Out Of Criminal Prosecution; Authorities Drop Felony Charges After Defendant Repays Filched Funds
In Pineville, Missouri, The Joplin Globe reports:
The McDonald County prosecutor dismissed a felony theft charge against former Oklahoma attorney Betty Pitts-Cartwright [] in light of her recent restitution of the funds she embezzled from a disabled adult client and parked in a Southwest City bank.
Prosecutor Bill Dobbs said Pitts-Cartwright, 63, of Grand Lake, paid about $164,000 in restitution to the client whose funds she embezzled and deposited in personal bank accounts in Southwest City and Jay, Oklahoma.
Pitts-Cartwright and two other women were charged in 2014 in Delaware County, Oklahoma, with fraudulently obtaining a $1 million-plus house on Grand Lake from her former boyfriend, a Norwegian professional boat racer. Pitts-Cartwright also faced counts of perjury in the case that forced her resignation from the bar and eventually resulted in a suspended sentence.
Her parking of the client's funds in a personal bank account at Cornerstone Bank in Southwest City got her charged with theft in Missouri.
Pitts-Cartwright was in charge of the client's trust fund and reportedly used a rubber stamp bearing the name of the victim's mother to sign trust account checks. Her friend and co-defendant in the theft of the funds, Donna Cupp, told investigators that Cartwright opened the account at the Missouri bank "so people in Jay would not know her business."
A probable-cause affidavit filed in the case stated that a majority of the withdrawals from the bank account were made from automated teller machines at casinos.
CBC News: Betrayal of Trust (A CBC investigation reveals how lawyers across Canada have misappropriated and mishandled clients money, to the tune of tens of millions of dollars, or sometimes even charging vulnerable people top dollar for shoddy services)
Land Contract/Contract For Deed/Rent-To-Own Rackets
The New York Times: The Housing Trap (In the wake of the housing crisis, low-income families have turned to seller financing to buy homes but these deals can be a money trap)
Beware The Fine Print: Consumers Forced To Sign Away Their Rights To Use Court System
The NY Times: Arbitration Everywhere, Stacking the Deck of Justice(Part 1 in series examining how clauses buried in tens of millions of contracts have deprived Americans of one of their most fundamental constitutional rights: their day in court)
Foreclosure Mills' Abysmal Record In Complying With New NYS Foreclosure Requirements
Justice Deceived: How Large Foreclosure Firms Subvert State Regulations Protecting Homeowners
MFY Legal Services Report On Questionable Practices By Process Servers In Debt Collection Cases
Justice Disserved: A Preliminary Analysis of the Exceptionally
Low Appearance Rate by Defendants in Lawsuits Filed in the Civil Court of the City of New York
Mortgage Mess Redux: Robo-Signers Return (A Reuters investigation finds that many banks are still employing the controversial foreclosure practices that sparked a major outcry last year)
CNN Video: As Foreclosures Mount, Florida Court Turns To 'Rocket Docket'
The Wall Street Journal: A Florida Court's 'Rocket Docket' Blasts Through Foreclosure Cases (2 Questions, 15 Seconds, 45 Days to Get Out; 'What's to Talk About?' Says a Judge)
"Produce The Note" Strategy When Dealing With Missing Promissory Notes In Foreclosure Actions
ABC Video: Fighting Against Foreclosure (Some homeowners have found a new tactic to keep the banks at bay)
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