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Sink Announces Arrests in Escrow Case

An investigation into the business practices of the New Port Richey-based Gulf Coast Title Closings and Escrow Services has resulted in the arrest of a husband and wife team on multiple counts of

By staff Writer | Updated on October 31, 2007

An investigation into the business practices of the New Port Richey-based Gulf Coast Title Closings and Escrow Services has resulted in the arrest of a husband and wife team on multiple counts of stealing escrow funds and money laundering in a theft scheme of nearly $8 million from escrow accounts.

John T. Wehlau and Cheryl T. Wehlau were arrested after an investigation by the state’s Division of Insurance Fraud. Investigators found that the couple allegedly started using the money for their own use around January 2004 and uncovered 21 documented instances where the couple stole or misappropriated funds of $100,000 each. The thefts continued through October 2006 when an audit showed a drastic shortfall in the company’s escrow amounts, which triggered a move by the Commonwealth Land Title Insurance Company to stop doing business with the firm.

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