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Title agency’s funds and founder vanish

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Large Florida title company in receivership A 32-year-old title company that once boasted seven offices and 85 employees in Palm Beach County, Fla., is in receivership, its founder's whereabouts unknown, with an underwriter saying $2.5 million in escrow funds are missing. By the time Flagler Title founder Roger Gamblin and his wife, Peggy, disappeared May 29, the company had already closed all but three offices and reduced its workforce to 33 employees, a longtime employee told the Palm Beach Post. Less than $80,000 remains in Flagler Title's escrow accounts, plus $2,000 held by another company run by Gamblin, Interstate Title Services. On June 16, Circuit Judge Tom Barkdull granted a request by three title insurance underwriters to place the company in receivership. Court-appointed receiver Larry Saichek told the Post he's received 60 claims for missing escrow money. Saichek will determine whether Flagler Title will file for bankruptcy protection. According to the co...