Regions Bank, an Alabama Corporation dba Regions Funding, Atlanta, Georgia, filed suit against the following defendants alleging for a large mortgage fraud scheme wherein the defendants, headed by Toby Groves, principal of Groves Funding Group, Inc., attempted to obtain and/or did obtain, mortgages under false pretenses and converted the funds for personal use:

Groves Funding Corporation, an Ohio corporation;

Groves Funding Group, Inc., an Ohio corporation;

Home Loan Funding Corporation;

Real Estate Benefit Plan;

Best Title Solutions, Inc., a Florida corporation;

Classic Title Agency, Inc., an Ohio corporation;

Classic Title Agency, LLC, an Ohio limited liability company;

Pyramid II Janitorial Supplies and Equipment, Inc., a Florida corporation;

Pyramid America, LLC, an Ohio limited liability company;

Toby L. Groves, Individually;

Kevin Moore, individually;

Janice Saur, individually;

Monique L. McDowell, individually;

Carey Cole, individually;

Jennifer Tulles, individually;

James Cergol, individually;

Steven C. Gittinger, individually;

Terrance C. Monnie, individually;

Erin Giles, individually

Jackie Tucker, individually;

Harvey Rollings, individually;

Timothy Lynch, individually;

Susan Lynch, individually;

Samuel D. Burnette, individually;

Stormy Wilder, individually;

Rick L. Goldie, individually and as trustee of the Goldenrod Trust.

The complaint alleges that Groves and his co-conspirators intentionally supplied false documents, which included requests for funding, to Regions for purposes of obtaining monies from a revolving warehouse line of credit. The loans for which the defendants sought funding were allegedly fictitious. Regions, in response to a request for funding, would advance funds directly to defendants' settlement agents to be disbursed solely in connection with the origination of a previously designated mortgage loan. However, once defendants were in control of the monies, the funds were forwarded to Groves or other entities for the benefit of Groves. The loans were then never moved off the warehouse line.