An expose of bad businesses and their unethical practices

More and more cases of mortgage fraud are coming to light now that the mortgage and foreclosure crises has put the industry under the spotlight. This time, it is a former Florida Sherriff’s Deputy and his wife who have been charged with stealing millions of dollars from their own title company before closing the doors.

The couple, Jarrell and Katherine Britts of Clearwater Beach, have been charged with grand theft, scheming to defraud, title fraud, and money laundering by the Florida Department of Financial Services. The Britts are in custody in Pinellas County, according to the St. Petersburg Times.

The couple had owned Eagle Title and Abstract, then sold the firm to the Talon Group in 2004. The investigation revealed that the Britts had embezzled approximately $2 million when they owned the company and another $3 million working for the new owners after the sale. It would seem that Bad Business is no better when kept in the family.