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Ruth Altman Escrows Inc

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BUSINESS
March 16, 1993
A Valencia escrow firm has been seized by state regulators after a routine audit found that an estimated $164,000 was missing from the firm's trust-fund account. Ruth Altman Escrows Inc. is being run by a conservator, Allen Eggers, after being seized March 5, said Dale Lucas, chief examiner for the state Department of Corporations. The firm has operated in Valencia for 10 years, he said.
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BUSINESS
March 16, 1993
A Valencia escrow firm has been seized by state regulators after a routine audit found that an estimated $164,000 was missing from the firm's trust-fund account. Ruth Altman Escrows Inc. is being run by a conservator, Allen Eggers, after being seized March 5, said Dale Lucas, chief examiner for the state Department of Corporations. The firm has operated in Valencia for 10 years, he said.
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BUSINESS
June 8, 1993 | JONATHAN GAW, TIMES STAFF WRITER
State regulators shut down the city's largest residential escrow company, disrupting thousands of home sales, after a routine examination uncovered more than $2 million missing from the firm's $4.5-million trust fund. Officials of the state Department of Corporations have frozen the remaining assets of the firm, Country Oaks Escrow, as inspectors comb the company's financial books.
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