This is a follow up to two articles I posted about how a title company in suburban Denver claimed the Russian Mafia hacked a wire transfer for $277,000 when they were transferring funds from them to JPMorgan Chase to pay off a client’s mortgage. The homeowners are now on the hook for the $277,000 and have lost their house because the title company wasn’t insured. I find this story hard to believe because all mortgage transactions are wired through the federal reserve database as dictated in the Patriot Act. -Steve
You can read the other articles here and here
Title Company Still Claims Russian Mafia Hijacked Wire Transfer
Dale Cedars, KMGH Denver
A simple refinance more than two years ago has a Parker family fighting for their home after the Russian mafia allegedly stole money during a wire transfer.
Now the family’s home faces foreclosure again, with a hearing scheduled for Jan. 25.
7NEWS reporter Dayle Cedars first uncovered this story in 2010, 11 months after the family learned their first mortgage had not been paid.
“I just want to wake up tomorrow and know this is my house,” said Kim Canning, of Parker.
Canning and her husband Tim said every waking hour is pretty much spent trying to figure out a way to save their home from foreclosure.
In September of 2009, the Cannings refinanced their home with Ryan Rodenbeck of Classic Title. At some point when the funds were being transferred online to Chase Bank, $900,000 disappeared. Rodenbeck said nine $100,000 transfers were stolen — $277,000 of that was part of the Cannings refinancing.
In 2010, Rodenbeck said he did nothing wrong and that the money was intercepted by the Russian mafia. Classic Title has since gone out of business.
Tuesday, a representative from Chase Bank said they determined Rodenbeck transferred the money without using a secure site with encryption.
“The FBI is aware of this, they know what has happened,” said Kim Canning.
The FBI would not confirm or deny any investigation.
Bank of America held the Cannings first mortgage. It was supposed to be paid off during the transfer. Since the money never made it to them, the Cannings basically have two mortgages on their home.
