Friday, March 6, 2009

03062009 - News Article - Investigation ongoing into title insurance company - Gary official denies role in missing money



Investigation ongoing into title insurance company 
Gary official denies role in missing money
Post-Tribune (IN)
March 6, 2009 
A case of lost cash. 

"I was the one that shut the company down." 

-- Jacquelyn Drago - Hunter ,  Gary's director of community development 

*Gorman Ginn thought the first mortgage on his Miller home had been paid off in 2006. So when a collection agent called two years later to ask why he'd stopped making his payments, Ginn was more than a little surprised. "What payment?" Ginn asked. 

A title insurance company ended up paying the mortgage off. Then it asked the Indiana Department of Insurance to file a cease and desist order against Gary-based Maximilian Title Corp., claiming as much as $400,000 meant to pay off mortgages for clients like Ginn went missing there. 

Jacquelyn Drago - Hunter , Gary's director of Community Development, is a former board member at Maximilian Title. She denies any connection to the lost cash, explaining that a pair of employees who are now deceased absconded with it. 

Last month an attorney for the Indiana Department of Insurance wrote a letter to Ginn. She said his case is part of a litigation file being prepared for Maximilian, and he might be called as a witness. 
Caption: Norman and Willena Ginn thought they had paid the debt on their Gary home to their mortgage company until a collector called and asked them to resume making payments. This is the home owned by Norman Ginn and his wife, Willena Ginn, in Gary's Miller section. photos by Scott M. Bort/Post-Tribune 

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