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Friday, February 27, 2015

Missing retirement funds to be reimbursed using dead CEO's money

A retirement fund of the title insurance executive who committed suicide by nailgun last year and a separate insurance policy will cover more than $100,000 employees said was misappropriated from their own retirement accounts, court records show. In a pending settlement agreement between the estate of Richard Talley, former CEO of American Title Services Company in Greenwood Village, and the U.S. Department of Labor, money that employees said was deducted from paychecks but never made it to their retirement accounts will be repaid.



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