IDSnetwork has been investigating and resolving claims on title insurance policies since 1986. Our first case involved the investigation of Ellis Neder and Tom Turner, two attorneys operating in Jacksonville, Florida. Ellis Neder was the largest developer of multi-family homes in northeast Florida at that time and Tom Turner was the attorney he used for closing on deals when he was buying, developing and selling condominium and townhome developments. Neder also solicited and used several savings and loan associations to borrow money from and partner with in buying the land and developing the projects.
One of the savings and loans he used for loans and partnership was based in Daytona Beach. They had brought civil suit against Neder for not paying them on the various notes and mortgages. They knew something was wrong but did not know they were victims of a large scale fraud scheme. The savings and loan hired IDSnetwork to investigate Ellis Neder to find out everything we could about him.
The investigation was conducted in Duval, Clay and St. John’s counties. The investigation revealed that Neder and Turner had been stealing money from the savings and loans as limited partners in the millions of dollars. Unbeknownst to the savings and loans he did business with, Neder was buying the properties through illegal flip transactions where he was making illegal profits of more than $1 million on each flip. The fraud did not stop there but continued when Neder would falsify Intent to Purchase documents so the savings and loan wuld fund the construction of the project when there were few buyers available to purchase. In the end two savings and loan and a pension fund went out of business due to the losses caused by Neder and Turner.
In the end, IDSnetwork referred the case to the FBI and IRS Criminal division resulting in the indictment and conviction of more than 50 individuals and the incarceration of both Ellis Neder and Tom Turner.
Subsequent to that investigation, IDSnetwork has been working closely with every major national title insurance underwriter in the investigation of title insurance claims and title agency defalcations. Our experience in the investigation of escrow account defalcations, illegal land flips, cyber fraud, Business E-Mail Compromise, stolen identities, forgery and complex title insurance issues is unmatched anywhere in the US. We have successfully investigated and assisted our clients in thousands of cases since 1986.