Orange County District Attorney Press Release
For Immediate Release: July 2, 2014
Case # 12CF3427
SANTA ANA – A former vice president of a title insurance company pleaded guilty today to stealing over $469,000 from his company to spend on gambling. Wayne Martin Fong, 51, Tustin, pleaded guilty to a court offer, over the objection by the People who requested a state prison sentence, of seven felony counts of grand theft, five felony counts of money laundering, sentencing enhancements and allegations for causing over $100,000 in loss, aggravated white collar crime over $100,000, property loss over $200,000, and transactions exceeding $50,000. Fong was sentenced by the Honorable Robert R. Fitzgerald to six months in jail, five years formal probation, and must pay $309,000 in restitution.
Fong was hired in 1999 by Fidelity National Title Group (Fidelity) as the Associate Counsel and Vice President. He was responsible for working with and overseeing contracts with vendors who searched for and obtained missing assets for the company. Read more…