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Former Utah title agent sentenced after prosecutors say he diverted over $9 million in home-sale funds
Summary
Ryan Goodrich, who ran Synergy Title in Syracuse, was prosecuted by the Utah Attorney General's office after investigators say he diverted more than $9 million in buyer and seller funds; he was sentenced to prison, ordered to pay about $6.5 million in restitution, and had his license revoked.
Syracuse, Utah ' Ryan Goodrich, who ran Synergy Title in Syracuse, was prosecuted and sentenced after prosecutors say he diverted more than $9 million in funds from real-estate closings over roughly two years.
"He stole more than $9,000,000 from real estate buyers, sellers, and lenders over 2 years," said Richard Piot, host of the Legally Speaking program, summarizing the case at the start of the interview.
Wayne Jones, an assistant attorney general in the Utah Attorney General's Mortgage and Financial Fraud Division, described the scheme as falling into "three general categories of fraudulent behavior" in which Goodrich purported to close transactions, took buyers' funds at closing, and redirected purchase proceeds "to his own purposes" instead of dispersing them as required.…
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