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Tag Archives: escrow

Md. high court: Commingled-funds defense fails with escrow

Court of Appeals

Defendants sued for allegedly converting money held in escrow to unauthorized uses cannot defend themselves simply by claiming the escrow funds had been validly commingled with other accounts, Maryland’s top court unanimously ruled Friday. The commingled-funds defense is not available ...

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Harbor Bank, 3 employees accused of fraud over unpaid $2.5M loan

The Harbor Bank of Maryland and three of its employees have been named in a federal lawsuit on allegations of fraud and negligence over an unpaid $2.5 million loan to make a sports movie starring Martin Lawrence. According to the ...

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Accountant pleads guilty in mortgage fraud scheme

Federal prosecutors say an escrow accountant for a title company has pleaded guilty to charges related to a $1.7 million mortgage fraud scheme. Brenda Lukenich, of Hughesville, pleaded guilty Wednesday to mail fraud. Prosecutors say two co-defendants are scheduled to ...

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Attorney misconduct claims rise in Maryland

The relationship between Maryland lawyers and their clients apparently has soured in the past 18 months. Lawyers allegedly have been communicating less with their clients, dipping into client escrow funds more and engaging in more dishonesty, according to a report ...

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Court of Special Appeals reverses judgment against homebuilder

Maryland’s intermediate appellate court has reversed a lower court’s ruling that would have sent a homebuilder to jail for 12 years, because a statute requiring buyers’ money to be held in escrow accounts did not apply to his case. In ...

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