People v. Ambrose

Opinion by

Judge ROY.

Defendant, Kyle Michael Ambrose, appeals from the judgments of conviction entered upon jury verdicts finding him guilty of two counts of theft over $10,000. We reverse.

Defendant and his wife owned a title insurance company, Nordic Title. After the business was closed in May of 1988, it was discovered that over $190,000 in escrow funds had been misappropriated. Defendant and his wife were then separately charged with two counts of theft over $10,000. Though the charges were framed in terms of two closings occurring in May of 1988, the insufficiency of funds in the escrow…