The owner of a New Jersey title firm pled guilty to stealing funds that were supposed to be used to pay off mortgages.

New Brunswick Patch has the story.

The owner of a Woodbridge-based title company has pleaded guilty to stealing $7.7 million that was supposed to be used to pay off more than 28 mortgages on properties that were sold.

Robert M. Sebia, 50, a resident of Wilkes Barre, Pennsylvania, who owned and operated Crystal Title Agency, LLC, pleaded guilty Monday to theft by failure to make required disposition of property received and misconduct by a corporate official.

According to NJ.com, that title agency is now defunct, but it had been based in Woodbridge.