If You Are Going To Steal, Steal Big!

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Source of Title Blog

If You Are Going To Steal, Steal Big!
by Robert Franco | 2007/05/08 |

I was a bit surprised to read Former Title Employee Admits to Theft. Melissa Williamson, a former employee of Title Service Corporation of Waterloo, Iowa pled guilty to stealing more than $600,000 from the company. In an agreement with prosecutors, she will serve at least 20 years for her crime. Though she will be permitted to ask for a reevaluation of her sentence after serving 180 days, it must have been one heck of a tough prosecutor for her to agree to such a harsh sentence for three counts of theft and one count of money laundering.

While I certainly don't think they should go lightly on those up violate such laws, it seems a bit out of step with other sentences. For example, Tony Daniloo, the former executive of DreamLife Financial who defrauded his "customers" out of $8 Million, pled guilty to 120 counts of money laundering and was ordered to pay restitution and serve 90 months in prison. Many of Daniloo's victims were infirm, elderly, and minorities with poor credit histories; some of whom lost their homes in the scheme.

Exactly what kind of message are trying to send with these divergent results? If you are going to steal, steal big? And... steal from the poor and down trodden?

I'm all for stiff penalties for crime, but these sentences seem to be backwards - Daniloo got off way too lightly in my opinion. As for Williamson, I hope she does get her sentence reduced, though she still needs to be held accountable. Violent criminals often receive much lighter sentences.

Robert A. Franco
SOURCE OF TITLE
rfranco@sourceoftitle.com

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Categories: Crime, Mortgage Fraud

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Source of Title Blog

Robert A. Franco The focus of this blog will be on sharing my thoughts and concerns related to the small title agents and abstractors. The industry has changed dramatically over the past ten years and I believe that we are just seeing the beginning. As the evolution continues, what will become of the many small independent title professionals who have long been the cornerstone of the industry?

Robert A. Franco
SOURCE OF TITLE

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