Arroyo Grande escrow firm alleging that former manager embezzled funds
– An Arroyo Grande escrow firm has filed a lawsuit against its former escrow manager, alleging she embezzled $545,557 from the company over nearly two years, according to a recent report by the Pacific Coast Business Times.
According to a civil complaint filed June 25 in San Luis Obispo County Superior Court, Opus Escrow alleges that former escrow manager Beverly Stickler carried out a prolonged scheme to steal funds from escrow accounts. The lawsuit also names Qualia Labs, a digital real estate closing platform, as a defendant.
Qualia had a contract with Opus to provide accounting services, reconciliations, fraud protection, and related services, according to the complaint.
The suit alleges fraud by concealment, negligence, breach of contract, and conversion.
Click here to view the report on the Pacific Coast Business Times.
