A lawsuit filed in federal court in Raleigh by RBC Bank against two attorneys and Chicago Title Insurance Company, stemming from a massive mortgage fraud scheme in Myrtle Beach, has been transferred to federal court in South Carolina.
In January, RBC sued South Carolina attorneys Robert A. Hedesh and Robert H. Gwin for negligence and breach of fiduciary duty in connection with their roles as closing attorneys for real estate purchases in the Myrtle Beach area. RBC was the lender in these deals.
On the same day it filed suit in North Carolina, RBC also filed a multi-defendant civil racketeering lawsuit in South Carolina federal court, alleging that several individuals and entities had schemed to defraud the bank through transactions involving some of the same Myrtle Beach-area properties. The defendants in that action included real estate agents, developers, mortgage brokers, appraisers and others, including two RBC employees, who allegedly devised a scheme to induce the bank to fund purchases at inflated prices and then filtered the loan proceeds along to several people involved in the enterprise.
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