Missing owner of 38 Donzi
06-17-2008, 10:08 AM
#102
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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.
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.
08-25-2008, 05:56 PM
#105
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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..."
http://www.wptv.com/news/local/story...f-43e9836db537
http://www.wpbf.com/news/16591810/detail.html
"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..."
http://www.wptv.com/news/local/story...f-43e9836db537
http://www.wpbf.com/news/16591810/detail.html
Last edited by Still Autumn; 08-25-2008 at 06:04 PM. Reason: Post two links
08-09-2009, 02:58 PM
#106
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More bad news turns up regarding the "friend" of the guy that disappeared:
Title firm's owner AWOL as claims rise to $10 million
By ALEXANDRA CLOUGH
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."
Title firm's owner AWOL as claims rise to $10 million
By ALEXANDRA CLOUGH
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."
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