Insurer Blames $579K Goof on Duped Lawyer

Source: National Cyber Security – Produced By Gregory Evans

Insurer Blames $579K Goof on Duped Lawyer

A New Jersey lawyer, overlooking a phony email address, had a title insurance agency send $579,000 from a real estate closing to the wrong person, the agency claims in state court. ABL Title Insurance Agency LLC sued attorney Jordan Yuelys and his Hackensack, N.J.-based law offices in Morris County Superior Court Oct. 22. The dispute stems from a real estate closing for a property at in Hillsborough, N.J., in which Yuelys allegedly represented the buyers and retained ABL to perform certain related title services. Though Yuelys was to act as the settlement agent, since he was “unable to attend the closing due to a personal matter,” he asked ABL on June 25, 2015 – one day before the closing – to act as the settlement agent, the complaint says. The transaction was completed the following afternoon, and the sellers, nonparties Anthony and Antoinette Foord, received their portion of the sale proceeds by check, ABL claims. Meanwhile a third party “replicated the signature block of the sellers’ attorney ([nonparty] Richard A. Gomes Esq.) and using an email address resembling the sellers’ attorney’s email address, sent an email to defendants, as the buyers’ attorney,” the complaint states (parentheses in original, brackets added). […]

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