Former Hendersonville title company owner indicted on fraud charges

Alleged scheme saw defendant convert $2.2M to personal use

Gary Christopher "Chris" Forsythe of Hendersonville has been indicted on nine counts of fraud stemming from alleged misconduct at his former company, Forsythe Title & Escrow Services Inc.

In papers the U.S. Attorney's Office filed today in Nashville view them here — Forsythe is alleged to have defrauded banks, credit unions and other financial institutions out of money they transferred to Forsythe's corporate escrow account. Instead of keeping the money meant to pay off mortgages in escrow, Forsythe converted the funds to personal use.

The government alleges that Forsythe's total take in the scheme was $2,249,294.80.

In 2008 and 2009, Nashville Post reported on the investigation as it was in its infancy and noted that a court-appointed receiver investigating Forsythe's company found that some of that money was diverted to pay for a luxury boat.

Assistant U.S. Attorney John Webb is prosecuting for the government.