Like Tree0Likes

Missing owner of 38 Donzi

Old 06-17-2008, 06:42 AM
Join Date: Aug 2005
Location: Elkhart, Indiana
My Boats: Hustler 40 Fiore
Posts: 966

wow.... that raises questions I would think???
teamsynergy is offline  
Reply With Quote
Old 06-17-2008, 11:08 AM
Von Bongo's Avatar
Join Date: Dec 2001
Location: Iowa - Missouri
My Boats: 1997 Cig Kevlar - powered by Boyd
Posts: 3,904

Same thing happend a few years ago to the largest title company in Nebraska.

The money that went into escrow is gone. They will be bankrupt in few weeks. The other large question is, did they pay the premiums on the title insurace they issued over the years or are all the owners and lenders policies worthless.
Von Bongo is offline  
Reply With Quote
Old 07-17-2008, 06:40 PM
Join Date: Jun 2004
Posts: 228

Anyone been boating in Venezuela lately?
Cevert is offline  
Reply With Quote
Old 07-18-2008, 11:53 AM
Semper Fi's Avatar
Join Date: Oct 2000
Location: SoCal
Posts: 4,234

The whole thing sounds strange- maybe they all disappeared and are sitting on a beach somewhere across the world- sure does make you wonder!!
Semper Fi is offline  
Reply With Quote
Old 08-25-2008, 06:56 PM
Join Date: Aug 2008
Posts: 1

The Feds believe Chris Gamblin and Brian Pratts lied. They believe these two fools sabotaged Trindade's boat by filling its fuel tank with water.

"NewsChannel 5 has learned that federal law enforcement believes Roger Gamblin's son and his friend Brian Pratts, intent on making a drug deal between the U.S and the Florida coast, sabotaged Trindade's boat by filling its fuel tank with water.

They believe the two young men met the drug dealer, then returned to Trindade's crippled boat and witnessed the killing. They believe that Trindade was executed by a Bahamian drug dealer..."

Last edited by Still Autumn; 08-25-2008 at 07:04 PM. Reason: Post two links
Still Autumn is offline  
Reply With Quote
Old 08-09-2009, 03:58 PM
Thread Starter
Join Date: Jun 2005
Posts: 9,587

More bad news turns up regarding the "friend" of the guy that disappeared:

Title firm's owner AWOL as claims rise to $10 million


Palm Beach Post Staff Writer

Sunday, August 09, 2009

It's been more than a year since Roger Gamblin mysteriously disappeared, leaving his Flagler Title Co. floundering amid reports he may have taken $2.5 million in escrow money.

Although Gamblin still hasn't been found, investigators probing the wreckage of the longtime West Palm Beach title firm have discovered something else: claims against Flagler Title totaling $10 million - more than four times larger than originally thought.

"Anytime you're talking about $10 million, you're not talking about a drop in the bucket. It's a major defalcation," said Larry Saichek, the court-appointed receiver in charge of Flagler's case.

Flagler Title's underwriters already have paid about $5 million in claims. Other claims still are being investigated, while a few have been denied. These claims are from people who had deposit money held by Flagler or people who were supposed to have mortgages paid by Flagler. Also making claims are real estate agents owed commission checks on sales.

And where in the world is Roger Gamblin? "Hell if I know," Saichek said.

None of the lawyers contacted said they know where he is.

Gamblin's vanishing act took place on May 25, 2008, when he and his wife, Peggy, stunned the real estate community by abruptly leaving town without explanation, plunging employees and customers of one of Florida's largest independent title companies into chaos. Panic ensued as customers learned the missing money included deposits for home purchases and money held by Flagler to pay off mortgages.

After Gamblin left town, employees revealed that business had been dwindling at the once-venerable title company, founded in 1976. The firm once did 100 closings a month, but by April 2008 it was handling only 27 closings a month. That month, Gamblin took out a $500,000 mortgage on his West Palm Beach home. The loan was not repaid, and SunTrust Banks has sued to foreclose on the home.

Gamblin's vanishing revived interest in the disappearance of another well-known Palm Beach County figure, Jim Trindade, an avid fisherman and longtime Gamblin friend. Trindade disappeared Jan. 12, 2006, while boating home from a vacation in the Bahamas. Gamblin launched and paid for an extensive, but fruitless, search for his friend.

In May 2008, when Gamblin disappeared, he apparently hired a private jet through Blue Star to fly with his wife from West Palm Beach to Houston. Court records indicate Gamblin may have made a pit stop in League City, Texas, at the South Shore Harbour Resort. A title company has filed documents requesting information about $1,223 charged to Gamblin's American Express card for accommodations between May 25 and June 1.

The trail seems to go cold after that.

Left holding the bag: Chicago Title Insurance Co., Flagler's underwriter.

Since the Gamblins' disappearance, Chicago Title has paid out more than $5 million in claims. The company filed a lawsuit to try to recover money from the Gamblins' adult children, Chris and Erik. The Palm Beach County Circuit Court names them as recipients of "fraudulent transfers" from Flagler Title. Chicago Title says Chris received $61,517 and Erik received $98,241.

But Gary Dunkel, a West Palm Beach attorney representing Gamblin's sons, said the money was nothing more than payment for work, and "not anything substantial."

He said the Chicago Title lawsuit was filed because the firm "was hoping the kids could locate the father and his wife ... but the father didn't tell them where they are."
Jupiter Sunsation is offline  
Reply With Quote
Old 08-09-2009, 08:55 PM
Join Date: Feb 2005
Location: Arlington Tx
Posts: 9,373

I would have to dig deep into a company to do business with a CEO named GAMBLIN.
Catmando is offline  
Reply With Quote
Old 08-09-2009, 10:48 PM
Join Date: Jul 2008
Location: Omaha
Posts: 123

Title companies are a scam. Just try getting money from them when they make a mistake.
isellpower is offline  
Reply With Quote

Related Topics
Thread Starter
Last Post
General Boating Discussion
04-09-2012 07:21 PM
General Boating Discussion
05-16-2009 03:17 PM
General Boating Discussion
03-15-2008 04:30 PM
Mirage 36
General Boating Discussion
07-13-2006 07:15 PM

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

All times are GMT -5. The time now is 06:14 PM.

Copyright 2011 OffShoreOnly. All rights reserved.