American Escrow: Illinois attorney ge...

American Escrow: Illinois attorney general probing missing money

There are 327 comments on the Chicago Tribune story from Mar 27, 2009, titled American Escrow: Illinois attorney general probing missing money. In it, Chicago Tribune reports that:

The Illinois attorney general's office said Thursday that it is looking into consumer complaints about missing money from escrow accounts held by American Escrow LLC, a private Chicago company that recently notified customers it will be going out of business Tuesday.

Join the discussion below, or Read more at Chicago Tribune.

Tom Peters

Dundee, IL

#21 Apr 7, 2009
I have looked into this matter and the whole situation is very unfortunate for everyone. In the end, everyone loses. Sad for the owners who were victimized by a theft and sad for all the homeowners that have been effected. Just sad that so many people have been effected by a woman who was greedy. Its the domino effect initiated by a convicted felon.
Jennifer Elliott

Louisville, KY

#22 Apr 7, 2009
Well, my only problem with feeling sorry for the owners is the fact that they have known about this for five years and NEVER notified their customers, while continuing to take their money, and not paying what they were supposed to pay.
Cathy Walsh

Virginia Beach, VA

#23 Apr 8, 2009
We were also just received notice in Virgina concerning our acct. Please include us in the information. We are filing with the AG in IL and possibly in VA.
gary nesbitt

Pittsburgh, PA

#24 Apr 8, 2009
They say they're closed,but they still answer their phones as of today April 8
Cathy Walsh

Virginia Beach, VA

#25 Apr 9, 2009
My husband talked to someone at AE yesterday and they told him what amount that we showed in their accts...I thought that was pretty strange.
Cindi Cannavo

United States

#26 Apr 9, 2009
I am a bit old fashioned, I still write out the check from my checkbook. Which is how I found out about this situation. My check had not cleared (for over a month) so before I stopped payment I called them. I was told that I should have received a letter notifying me that the company was closing. I didn't receive any letter. I along with others did not have my taxes paid. After calming down a bit I called the company again today. I requested a copy of my account transactions to see exactly how much money my husband and I have lost. The gal answering the telephone was very cooperative. Please remember when or if you call, the gal answering the telephone is not the responsible party for this mess, but I am sure that she is taking most of the heat. She also verified the name and telphone number of American Escrow's attorney. His name is Larry Levin. However, he is not accepting calls at this time. Go figure.
Jen H

Des Moines, IA

#27 Apr 9, 2009
Good luck getting a detailed statement. I asked for one on March 10, and I was assured that I would receive one within 10 days. I am still waiting.
Tom Peters

Dundee, IL

#28 Apr 9, 2009
Spend all your time and end up with large legal bills and a very slight possibility that you will recoup any money. This is an horrible situation for everyone accept of course the woman that took all the money and only got PROBATION!
fight for your rights

United States

#29 Apr 10, 2009
Funny. aren't you from the same area as Mr. Lurie? This city is listed in the white pages for Mr. Lurie. I tend to disagree with you, Mr. Klein. There are a lot of agencies aware of the situation. I think it has become a lot more involved and a lot more complicated than wire fraud. Just my opinion.
fight for your rights

United States

#30 Apr 10, 2009
Those of you who are TRUE AE victims. I hope you have been seing past the mularky about the poor AE owner who lost money to some greedy woman 5 or more years ago. It has come to our attention (other AE victims and I) that the AE owner is tied to another company operating out of the very same building as AE called Amer. Tax Reporting. His name has since been removed from the voicemail for that company, but another victim in this mess was able to dig this up. We have ALL contacted the AG in our state and IL, the FTC, FBI, the Banking Commission in our state and IL. It is being looked into as most of us have already received word from a couple of the agencies and we have been successful in getting this into the news. If you go to Yahoo, search American Escrow LLC and look for the review site. There is a lot of garbage on there now because the AE company has been trying to push our reviews and comments away from the first page, but there are still a lot of useful comments and reviews in there.

Check it out and know that you are not alone. People from PA,OH, NH, GA, FL, and many others have found themselves in this mess. Don't let anyone scare you or lead you to believe that you can't fight this because the group I am working with has been very diligent in finding ALL the options available to us. Check out the review site. You may have to go back a couple of pages, but look past the blurbs and long drawn out articles about mortgage news, business talk, Obabm 2day, and look for poeple like sick of it all, upset buckeye, out of money, karen in cincinnati for the important stuff. I wish you all luck in getting your money back.
Karen

United States

#31 Apr 13, 2009
To those who are feeling sorry for the company or the personnel answering the phone, beware! That nice person that answers the phone told me that her email didn't work and that my balance was zero when she knew it wasn't. Then she mailed me a made up fraudulent statement showing all the money in my account being zeroed out by made up fees, like $500.00 cancellation fee,$600.00 account closure fee. If you do receive your statement I think you will be changing your tune about the nice person. I do not think you will receive a statement at all now, since I have been able to share this statement to all of the regulatory agencies. One thing I am happy for, they has been dumb enough to provide me with some good evidence.
Tom Peters

Dundee, IL

#33 Apr 13, 2009
Becareful of this site and its contents
Jen H

Ankeny, IA

#34 Apr 13, 2009
Tom Peters, you are trying to be misleading. This site and many others are spreading the truth about American Escrow.
Indy Girl

Kokomo, IN

#35 Apr 13, 2009
Tom Peters wrote:
Becareful of this site and its contents
No, YOU are trying to mislead the public. The truth is many people have been bilked by this company and the OWNER of the company is responsible for whatever happened.It does not matter that he blames it on an embezzelment that happened 5 years ago!He continued to take money from people and did not make their tax and or homeowners payments . Was he robbing Peter to pay Paul? The truth will be known soon enough. I want to continue to encourage people to contact the AG in their state and Illinois as well as the FTC if they have lost money to American Escrow.
Mem

United States

#36 Apr 13, 2009
I am also a victim of American Escrow. I think that is bull that she embezzled that much money and only got five years probation. I guess because of this Derik Lurie thinks he can just rip people off and maybe he might get the same. What is wrong with our justice system. We pay our money and they put it in their pocket. So now we get to pay out taxes and insurance all over again. If it was one of us ripping people off for that much we would probably be under the jail. I also live in Illinois and did not hear anything about any of this until they closed their doors. I don't feel sorry for them. I only hope they lock them up. I have filed with the ag and the bbb. I have also sent a letter to their American Escrow client service. All of this is not paying my taxes thou. Can't trust anyone anymore and the sad thing is they let them get by with it.
Coi

Chicago, IL

#37 Apr 13, 2009
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Indy Girl

Kokomo, IN

#38 Apr 13, 2009
Mem wrote:
I am also a victim of American Escrow. I think that is bull that she embezzled that much money and only got five years probation. I guess because of this Derik Lurie thinks he can just rip people off and maybe he might get the same. What is wrong with our justice system. We pay our money and they put it in their pocket. So now we get to pay out taxes and insurance all over again. If it was one of us ripping people off for that much we would probably be under the jail. I also live in Illinois and did not hear anything about any of this until they closed their doors. I don't feel sorry for them. I only hope they lock them up. I have filed with the ag and the bbb. I have also sent a letter to their American Escrow client service. All of this is not paying my taxes thou. Can't trust anyone anymore and the sad thing is they let them get by with it.
Why don't you write your Governor and congressman?That is the only way to get this through to our officials.The republicans want back in but they don't want to oust the monsters that they have helped create with little to no regulation. I am sure if someone digs deeper into this mess we will see just what, if anything the government did to enable the owner of AE to rip us off!The governemnt should protect and defend us from this type of fraud. That is why you must do your part and file with the AG's in your state and Illinois and the FTC.I, myself want to beleive that the government will do their job, that is why I am doing my part. Look, the AG in Penn. is doing right by the people!
Heidi - California

Santa Rosa, CA

#40 Apr 16, 2009
Jennifer Elliott wrote:
I, too, have lost all of my escrow money to American Escrow. I live in Louisville, Kentucky and have been with the company for five years. I just received notice from my taxing authority that my property taxes haven't been paid either, despite the constant monthly withdrawal of money from my bank account. I hope this is resolved quickly so that I can get my money back and have my taxes paid, as they should have been in the first place.
I am not counting on getting the money back, but it would be nice. We are out $2,400.00. They did not pay our December or April tax payments. I realized something was wrong when they did not take their payment from my bank account at the end of March. I did a search for them online last night to see if I could access acct info online and got the Tribune story as a hit. What a shocker. Checked the tax payments this morning and nope - not paid. Been with them since early 2005. Filed complaints with Calif and Illinois Atty Generals, also with my local law enforcement. Our tax collector is on it too. Anyone else have an independent mortgage broker set you up with this company??
PO--d in OH

Cincinnati, OH

#42 Apr 16, 2009
Tom Peters wrote:
Spend all your time and end up with large legal bills and a very slight possibility that you will recoup any money. This is an horrible situation for everyone accept of course the woman that took all the money and only got PROBATION!
How can you feel simpathy for someone that has committed the same crime as his former CEO. Seems a bit odd that someone from his home town is taking up for him...fraud is fraud and should not be tolerated!
kneil67

Manchester, NH

#43 Apr 16, 2009
good luck everybody I think we will win also contact your homeowners insurence i did they said it was a long shot. still aske them to reaserch it. If enough people ask maybe there is a loophole it is considered in my book a theft against your property plus if one pearson gets a claim then maybe more of us can get a claim

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