The title insurance company auditing the Columbus real estate law firm of Michael A. Eddings found “inappropriate transfers of funds” from an escrow account and “manipulation of records” in an initial investigation, according to new court documents and the 1st American filed court papers Monday in Muscogee County Superior Court trying to compel the law firm to provide banking and accounting records in ongoing audit in company also wants a court order preventing in the firm from tampering with records.
A information is vital to 1st American’s determining where the missing funds were transferred as well as the extent of its exposure and potential for recovery, Jeffrey H. Schneider, an attorney for 1st American, said in the filings in the defendants have refused certain requests for documentation and to make available certain computer and bank information necessary for the completion of the audit to based on “admissions” by Eddings’ wife, Sonya, “1st American has serious concerns that the evidence in this case is already being manipulated and altered,” Schneider added.
The Eddings, a well-known attorney and business owner who serves on a number of local boards, said Tuesday he cannot discuss the audit while it’s ongoing to he did, however, say he knows of no criminal investigation involving his finances in eddings closed his firm temporarily at the onset of First American’s audit and he said Tuesday the firm is now conducting business “except for mortgage-based transactions to has told real estate agents he was suspended from closing transactions during the audit.
A information is vital to 1st American’s determining where the missing funds were transferred as well as the extent of its exposure and potential for recovery, Jeffrey H. Schneider, an attorney for 1st American, said in the filings in the defendants have refused certain requests for documentation and to make available certain computer and bank information necessary for the completion of the audit to based on “admissions” by Eddings’ wife, Sonya, “1st American has serious concerns that the evidence in this case is already being manipulated and altered,” Schneider added.
The Eddings, a well-known attorney and business owner who serves on a number of local boards, said Tuesday he cannot discuss the audit while it’s ongoing to he did, however, say he knows of no criminal investigation involving his finances in eddings closed his firm temporarily at the onset of First American’s audit and he said Tuesday the firm is now conducting business “except for mortgage-based transactions to has told real estate agents he was suspended from closing transactions during the audit.
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