American Escrow: Illinois attorney general probing missing money

Mar 27, 2009 Read more: Chicago Tribune 326
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. Read more
acubazar

Chicago, IL

#321 Aug 25, 2012
ANOTHER LURIE LAWSUIT

Gershon et al v. Lurie
Arlene Adelman

Donora, PA

#322 Aug 26, 2012
Who is Gershon representing? We signed up with the Levy firm and never heard anything.
new york

Syosset, NY

#323 Sep 11, 2012
well 3 years later and I'm still waiting to hear from the Ill attorney general... or someone!! I guess you can be ripped off and it doesn't matter, because you don't live in the state the business was in, you get nothing! Nice!
Arlene Adelman

Charleroi, PA

#324 Sep 12, 2012
new york wrote:
well 3 years later and I'm still waiting to hear from the Ill attorney general... or someone!! I guess you can be ripped off and it doesn't matter, because you don't live in the state the business was in, you get nothing! Nice!
Well we paid of the $3200 loan we took out to make sure we did not lose the house. But we still had to pay the taxes for the coming year. So it has been downhill since. When you are 69 and your husband will be 78, and you are on a fixed income all of this has a bigger impact than if we were still working.
Brenda Lee

Gary, IN

#326 Sep 12, 2012
charles manson wrote:
Get on with your life and accept the fact you got right in the middle of a major scam from a punk and his Dad. There still living a life of luxury.
Your getting no where and you never will. The law does not care... Dont you know by now we live in a corrupt society. Derek and Steven are still laughing all the way to the bank and could care less about you.
Did these people ever care about the clients? I doubt it! While things were getting out of hand they never missed a vacation, a night on the town, a quick trip to vegas, or anywhere they wanted to go, they never missed a payment on their own bills because someone else was in charge of that. Did they consider how they hurt their clients and their employees with their actions? NO!! Alot of you may think that the employees were in on whatever they were doing but thats not the case at all. They had their inside confidant and thats all they needed, she knew every detail of the ignorant and shameful things they did. The people who worked for them other than the "confidant" were just regular people who worked paycheck to paycheck and prayed not to lose their jobs, but eventually did anyway and alot of them lost alot just like all the clients they tried to help toward the end when they were given instructions that they could not and would not follow. And I bet the Luries are doing just that" laughing all the way to the bank" But their day will come because every dog has their day!
achubanazar

Deerfield, IL

#327 Jan 1, 2013
July 27, 1993

8
Highland Park ó A local teen was arrested Friday after police stopped him for speeding and weaving across the road, according to reports. Derek C. Lurie, 18, of 481 Woodland Rd., was charged with driving under the influence of alcohol and drugs, possession of marijuana, driving with a suspended license, improper lane usage and speeding
Jamie 904

Jacksonville, FL

#329 Mar 20, 2013
I too was a victim in this scam. It still pisses me off to this day thinking about how American Escrow took my money & didn't pay my property taxes.
Thank god I didn't lose my home & found a way to pay the property taxes on my home. It may have taken me a few years to finally break even from this financially burden. I hope this company is proud of themselves for all the financial stress they have created in my life & they are able to sleep well at night knowing what they have done. Please keep in mind that I have medical issues as well. All I can say is what comes around goes around & Karma is a B....! You will have to answer to God one day about what you did!
achubazar

Snowmass Village, CO

#330 Nov 6, 2013
Derek Lurie, 39, of Highland Park was arrested Thursday and charged with battery after police responded to a call of a dispute in the 400 block of Broadview Avenue, according to Highland Park Police reports. He was released on bond and is scheduled to appear in Lake County Court Dec. 6 in Waukegan.
achubazar

Snowmass Village, CO

#331 Nov 6, 2013
Arlene Adelman wrote:
Who is Gershon representing? We signed up with the Levy firm and never heard anything.
Freddy G. Jewelers, Inc., Plaintiff
Kirk Kessler

Highland Park, IL

#332 Dec 1, 2013
achubazar wrote:
<quoted text>
Freddy G. Jewelers, Inc., Plaintiff
They are the defendants to a counterclaimant in a federal lawsuit.
Kirk Kessler

Highland Park, IL

#333 Dec 1, 2013
Achubazar / Achubanazar is really an ex-girlfriend who is obsessed with this guy. It's ok to let go.
Cincy

United States

#334 Dec 3, 2013
Achubazar, hearing about their legal issues gives me a little bit of satisfaction.
Thanks!
hands on ar

Gurnee, IL

#335 Dec 4, 2013
Go figure Illinois ripping people off and u morons voted a rookie illinois senator to the white house you deserve what u get
achubazar

Vernon Hills, IL

#336 Feb 27, 2014
he finally got his today!!!! that scum bag lurie!!!!!!!!!

The co-founder of a defunct Chicago escrow company was indicted on federal fraud charges on Wednesday for allegedly engaging in a Ponzi-like scheme and using more than $500,000 of customer funds for personal expenses and to operate other businesses.

Derek Lurie, was charged with five counts of mail fraud. Each count carries a maximum penalty of 20 years in prison and a $250,000 fine.

Lurieís company, American Escrow, which had offices on West Randolph and North May streets, went out of business in 2009. The company didnít issue refunds and left some of its customers with delinquent tax and insurance bills.
Lubell118

Sarasota, FL

#337 Feb 28, 2014
Will that mean we get back all of the money he stole?? That killed me being a single mom :/ signed up with a lawsuit a while back, haven't heard anything yet but I still have all my paperwork etc to back everything up....
Lynn from KS

Wichita, KS

#338 Mar 7, 2014
Lubell118 wrote:
Will that mean we get back all of the money he stole?? That killed me being a single mom :/ signed up with a lawsuit a while back, haven't heard anything yet but I still have all my paperwork etc to back everything up....
White collar crime. I'll be surprised if he gets five years. He'll spend all his money on his defense attorneys and we'll be lucky if he pays any restitution. Sorry to be cynical, but that's my bet. I hope I'm wrong. He took about $3,000 of my escrow funds.
Jack

Los Angeles, CA

#339 Mar 8, 2014
Derek Lurie...self serving, RIP.
Family of Exploiters

Wilmette, IL

#340 Mar 15, 2014
His mother opened an expensive women's boutique--Enaz--in Highland Park and has since opened two more. The three daughters run the stores, Mom and Dad spend winters at their home in Palm Springs, while Derrick and Daddy suck in other people's money. Even in a bad economy, the Enaz stores continued to grow (they now have three) and the daughters continue to live well off of the income. This column now explains how they were able to expand so easily--other people's money. Disgusting family.
achubazar

Vernon Hills, IL

#341 Mar 29, 2014
Family of Exploiters wrote:
His mother opened an expensive women's boutique--Enaz--in Highland Park and has since opened two more. The three daughters run the stores, Mom and Dad spend winters at their home in Palm Springs, while Derrick and Daddy suck in other people's money. Even in a bad economy, the Enaz stores continued to grow (they now have three) and the daughters continue to live well off of the income. This column now explains how they were able to expand so easily--other people's money. Disgusting family.
yep i agree- gross
achubazar

Vernon Hills, IL

#342 Mar 29, 2014
luries post three years ago when he tried to hide his illegal acts!!!!!!!
A malpractice lawsuit for reckless and negligence professional advice by Phil Wolin by American Escrow's owners. Phil Wolin and his company were retained to represent the company and in his engagement letter outlined his role to Ďassess our escrow practicesí to make sure all applicable laws were being followed. He failed miserably and under his direction the company to disaster. The most damaging decision that will effect me and my family for the rest of my life is after we were victims of being embezzled by our former CFO Caren L. Dietz for $2.3 million and were under intense pressure on what we should do, Phil Wolin sat in his large leather chair overlooking the city of Chicago and said 'relax you have an insurance claim that will cover your loss, we do this all the time, actually we are doing one right now, you didnít steal the money. Just continue operating your business and this will all work out. Relax" Those words 'relax everything will work out' will stay with me forever because at that moment and that moment alone was where greed, ego and reckless legal advice by Phil Wolin destroyed legal logic because the only advice was to file for bankruptcy to protect my father and me and my customers. We where victims, we needed help, we where desperate, we were speaking with the FBI, the States Attorney and our attorney Phil Wolin, selfishly with a firm conviction led us to where we eventually went, assuming personally the debt of the money that was defrauded from us. He wanted to bill our company for handling the insurance claim and continued to bill us for years after that and all the way kept advising us, representing and negotiating contracts, revising our terms and conditions with our clients, communicating with our CPA, Bruce Robbins, reviewing our profit and losses, making balance sheet adjustments and not one time mentioned filing bankruptcy as a possible option. Filing bankruptcy and handing over the liability and management to a trustee would have provided the much needed protection we where in dire need of. We where victims and the only thing we knew to do was follow the advice of our lawyer, Phil Wolin an expert in the field of law. Continuing to stay the course with the hope that all will be corrected in time and if the company succeeded he would have had a longer billable business partner, he suffered no downside. He continued to bill and as long as the company was open for business he had a viable client. All along Phil Wolin knew the company was defunct and not one letter or email confirming we were in harms way, just the on going advice of 'you didnít steal the money, you have no intent, and everything will work out.í
Phil led a very unprofessional and unsophisticated attempt to recoup the 2.3 M from the insurance company. He drafted the claim, led the negotiation, responsible for all communication, set up and managed in office meetings with their legal team and advised on their offer as 'this is all we are going to get, take it.' Even after the low settlement from the insurance claim he had other strategies on recouping additional money negotiating a contract with a collection company which resulted with very little success, sued the former CFO's son for money but only resulted in a settlement just enough to pay his fees. When his strategies came up short and the company was still defunct we followed his advice to sell your way out of it, you didnít steal the money. Just stay the course, everything will work itself out. Even an email from his son Jason also an attorney at the firm reconfirming donít worry Phil is very smart and will get you through this. That legal negligence and continuing to counsel me over 7 years by Phil Wolin will forever haunt me.
Sincerely,
Derek Lurie

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