Posted by BossLadyMD on 2/10/11 8:55am
Msg #372126

Beltway Title & Abstract Inc. (Crofton, MD) *FRAUD ALLEGED*

Maryland regulators have suspended the license of owners John J. Dwyer & Joseph C. Hughes after learning that $1,028,500 meant to be SET aside for real estate transactions was instead used to pay business expenses and salaries. Consumers, title agents or closing agents with concerns about mortgages or closing expenses that were not paid off are urged to call 410-468-2354. Neither owner appeared at a hearing on 2/9/2011 with the Maryland Insurance Administration.

http://articles.baltimoresun.com/2011-02-09/business/bs-bz-beltway-title-license-20110209_1_maryland-regulators-maryland-insurance-administration-beth-sammis