A former wealthy Southlake title agent pleaded guilty Monday to stealing more than $1.6 million before she abandoned her business and skipped town last year.
Nancy Jackson Spinks, also known as Nancy Carroll, was arrested in February 2016 driving a Mercedes Benz near Chicago, where she was renting a 6,000-square-foot estate.
Carroll’s business, Millennium Title Company, was seized by the Texas Department of Insurance.
Regulators said $3 million was missing from the company’s escrow accounts and $2 million from separate investor accounts.
A sentencing date has not been set but her crime carries a range of punishment from five to 99 years in prison. Carroll also is eligible for parole, prosecutors said.
Carroll pleaded guilty to misappropriation of fiduciary property and theft of $1.6 million.
Carroll's attorney, Lance Evans, declined to say if she will seek probation.
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"Ms. Carroll admits her responsibility for the conduct alleged in the indictment and is prepared to receive her punishment at the appropriate time," he said.
