According to the complaint, the buyer deposited the purchase funds with Old Republic Title, Ltd. On May 8, 2025, the escrow holder wired $525,653.06 from its account at US Bank National Association to an account at Citibank, believing it belonged to one of the purported sellers, Jerome Novak. The funds, referred to in the complaint as “the Funds,” were intended to complete the property transfer.
Old Republic takes Citibank to court over $525k escrow fraud claim
- Niki Wilson
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