Latest Posts
Home > Debt Articles > Liberty Title Agency President Sentenced Jail Time For Embezzlement

Liberty Title Agency President Sentenced Jail Time For Embezzlement

Brian Madden, former president and co-founder of Liberty Title Agency LLC (“Liberty Title”), was sentenced to 20 months in prison on September 20, 2011. Madden misappropriated and embezzled escrow and other client funds from his company to two other insurance agencies that he controlled and operated in New York. Last December he pled guilty to wire fraud and embezzlement.

Manhattan U.S. Attorney Preet Bharara said: “Brian Madden held himself out to be an honest insurance broker who gave his clients a false sense of security by leading them to believe their property was protected against potential loss. In reality, he raided their accounts for his own personal gain and stole from one client to pay another to cover his tracks. His crime spree has come to a fitting conclusion.” – Source.

Liberty Title was one of the largest independently-owned title insurance agencies in New York State. Title insurance is meant to protect an owner or lender’s financial interest when a property is purchased. Liberty Title misused the trust and need of clients’ funds by transferring and misappropriating millions of dollars as early as 2008. The funds were transferred to accounts held by Skyline Title, GNY Liberty, and Liberty Title. After the transfer these funds were used to keep Liberty Title afloat among personal uses of Madden. Between January of 2008 and April 0f 2009 Madden had withdrawn more than $2 million in cash from Liberty Title’s account.

Madden would also use new clients’ funds to pay old clients’ debts. Ponzi Alert!

On top of all of this fraudulent behavior Madden also failed to “timely and properly record and pay taxes on dozens of mortgages and other real estate transactions, further exposing his clients to loss.” – Source.

Have you lost money in this case or been scammed?? We want to hear from you! Comment below…


If you have been scammed and would like to file a scam report, please click here.

Liberty Title Agency President Sentenced Jail Time For Embezzlement by

Share This and Spread the Word

About Amanda Miller

Amanda Miller

Get My FREE Get Out of Debt Guy Newsletter

It is the smart thing to do.

I promise to keep your email safe and secure.

Close

I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

You can unsubscribe at any time with just one click.

After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.


  • It will keep you posted on the latest scams.
  • You will be alerted to the latest articles.
  • You will wind up smarter than everyone else dealing with debt.