dfpi-2023-0114

Lakeshore Escrow — restitution order

Escrow officer diverted closing funds across six transactions in 2022. Restitution paid; officer barred.

Party
Lakeshore Escrow, Inc.
County
Los Angeles, CA
Year
2023
Amount at issue
$720K
Authority
California DFPI
Status
Settled

What happened

DFPI traced six diversions to the officer's personal account.

Consent order required restitution within 12 months. Paid in full.

Primary sources

  • DFPI Consent Order
    DFPI File No. 963-2326