We received a file for a condo unit in the city, which was a $13.477 million loan to be taken out by an LLC. While looking into the file, I saw a 2008 deed that was made by an individual to the current owner LLC. It was a no-consideration deed. So, because it was a large loan and the previous deed was for no-consideration, I decided to Google search the person’s name just to look at the situation myself to see if I could learn anything about the file. What I found were multiple NY Post articles and litigation against this individual originating from 2013-2014 for embezzlement. He allegedly used those embezzlement funds to buy this condo for around $35 million. The individual was convicted in Italy and was taken into Italian custody. There was no mention of the $6.6 million judgment nor was any of the pending litigation against him known to the agent. The issues were brought to everyone’s attention and we ultimately decided to decline to insure this loan transaction.