Cashmere, WA Woman, Owner Of Defunct Real Estate Escrow Firm Indicted For Bank Fraud Totaling $2 Million

Date Published: 
August 7, 2017
News Type: 
News
Program Area(s): 
Single Family Loan Programs

(Source: skyvalleychronicle.com) (SEATTLE, WA.) -- The owner of a now defunct Tukwila, WA based real estate escrow firm was indicted last month by a federal grand jury on ten counts of bank fraud, and one count each of mail and wire fraud, announced U.S. Attorney Annette L. Hayes in Seattle Friday.

Lori Lynn Andrew, 48, now of Cashmere, Washington near Wenatchee, the owner of Hartman Escrow, Inc., was arrested and arraigned on the indictment Thursday of this week.

The Washington State Department of Financial Services arranged for a receiver to take over the Tukwila, Washington escrow company in 2012 after finding evidence of fraud. Andrew had her license to act as an escrow agent suspended in 2013 and her license has since been revoked.

According to the Puget Sound Business Journal , Andrew owned and operated Hartman Escrow since 1994. In addition to its Tukwila office, the company had a branch office in Marysville.

The indictment alleges that, beginning in about January 2011 and continuing until July 2012, Andrew allegedly used a variety of means to defraud..