Homestead Title Corp

A Santa Barbara businessman was ordered Monday to pay $4 million and spend more than five years in jail for siphoning funds from two title insurance companies he managed that later failed. Devin Charles Park, 36, had pleaded guilty in January to federal charges of mail fraud, theft of government property and making a false statement to a financial institution. U.S. District Judge David Kenyon imposed the maximum sentence allowed under federal guidelines, 63 months. Trico Title Co.

A Santa Barbara businessman was ordered Monday to pay $4 million and spend more than five years in jail for siphoning funds from two title insurance companies he managed that later failed. Devin Charles Park, 36, had pleaded guilty in January to federal charges of mail fraud, theft of government property and making a false statement to a financial institution. U.S. District Judge David Kenyon imposed the maximum sentence allowed under federal guidelines, 63 months. Trico Title Co.