California Real Estate Fraud Report

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Chicago Title Corp accused of facilitating real estate fraud in San Diego

Rollo “Rick” Norton is a former financial planner. “Former” because he just pleaded guilty to mail fraud in connection with a real estate investment fraud in which 19 investors lost their money. But he is probably hoping his sentencing next month in San Diego Superior Court will be lighter because he pointed the finger at Chicago Title and Chicago Title Insurance, saying that their escrow office and a supervisor knew they were defrauding the investors in creating “phony real estate transactions” at the Crown Point Villas in San Diego’s Pacific Beach area.a

Michael Weaver, attorney for Chicago Title, countered that Norton, who is representing himself in court, is a liar. In addition, Weaver accused some of the plaintiffs of being participants in the fraud by providing false documents about their financial status and that the only victims were the banks they were defrauding.

Chicago Title Corp. is a subsidiary of Fidelity National Financial Inc.

Read the full article in Bloomberg Business Week.

© Copyright 2007-2017 Monique Bryher

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The information and notices contained on The California Real Estate Fraud Report are intended to summarize recent developments in real estate fraud, mortgage fraud, short sale fraud, REO fraud, appraisal fraud, loan modification scams, loan modification fraud and other real estate related crimes occurring in Los Angeles and California. The posts on this site are presented as general research and information and are expressly not intended, and should not be regarded, as legal advice. Much of the information on this site concerns allegations made in civil lawsuits and in criminal indictments. All persons are presumed innocent until convicted of a crime. Readers who have particular questions about real estate fraud, mortgage fraud and appraisal fraud matters or who believe they require legal counsel should seek the advice of an attorney.

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