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Richard C. Roney, Jr., of Laurel Springs, New Jersey, has been charged by information with four counts of wire fraud related to an alleged scheme that cost lenders more than $750,000.

Mr. Roney was the owner of a title company called Park Avenue Abstract, Inc., based in Somerdale, New Jersey, that served as the title company on home mortgage transactions. According to the information, between June 2009 and April 2013, Mr. Roney unlawfully withdrew money from his company’s escrow accounts for his personal use and to pay for Park Avenue Abstract’s operating expenses, instead of using that money to close the mortgage transactions.

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