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.
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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.
"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.