dfpi-2024-0171
Golden Bear Escrow — receivership
Largest single-firm shortfall identified in 2024 to date. Receiver appointed; criminal referral made.
- Party
- Golden Bear Escrow Company
- County
- Los Angeles, CA
- Year
- 2024
- Amount at issue
- $5.90M
- Authority
- California DFPI
- Status
- Active enforcement
What happened
DFPI examination found a $5.9M shortfall across 73 open files.
Receiver appointed October 2024. Criminal referral to the U.S. Attorney's Office.
Restitution to affected parties expected to be partial.
Primary sources
- DFPI Receivership PetitionLASC Case No. 24STCP03122