An insurance company that sued an attorney over allegations he conspired with online fraudsters to steal more than half a million dollars meant for a policyholder has settled its claims with Villa Rica solo James “Jay” Davis III.

Coface North America Insurance Co. sued Davis in federal court in Atlanta in January, claiming unknown “John Doe” confederates used a bogus email account to hijack a $3.1 million settlement. The insurer discovered the ruse in time to recover most of the money from Davis’ trust account, but it said $552,766 was never accounted for.

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