The Frank & Emma Persyn Family Limited Partnership had sued the title company after Chris Pettit stole the proceeds from the 2020 sale of land on the West Side.
A San Antonio family partnership from which millions of dollars were stolen by jailed ex-lawyer Chris Pettit in a real estate transaction has lost its bid to recover damages against escrow agent Chicago Title of Texas LLC. The Frank & Emma Persyn Family Limited Partnership alleged the title company breached its duties as an escrow agent by failing to disclose that Pettit — the partnership’s attorney — could not serve as the “qualified intermediary” in an investment property swap.
One of Chris Pettit’s largest creditors sues title company over his role in real estate deal Members of the family have been regular attendees at court proceedings since Pettit and his law firm entered bankruptcy in June 2022 amid allegations that tens of millions of dollars of clients’ money had gone missing. He later pleaded guilty to three counts of wire fraud and money laundering. He’s serving a 50-year prison sentence.
From ‘friend’ and ‘family confidant’ to jailed fraudster, the case of ex-attorney Chris Pettit “There has not been one iota, one single shred of evidence of to suggest that any one of them had any reason to believe that Chris Pettit was going to steal from them,” Evans said during his opening statement. “And they shouldn’t know any better. But you know who does? Chicago Title. Chicago Title should have known better. They should have trained their employees better.
Emma Persyn Family Limited Partnership Court Texas LLC Persyn Family Partnership IRS Chris Pettit David Evans Persyns Douglas Becker William Peterson Gregory Brewer Craig Gargotta Frank &Amp Frank Persyn Ingram San Antonio West Side U.S. Potranco
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