24 families claim Houston surrogacy escrow company owner spent their money on herself

  • 📰 abc13houston
  • ⏱ Reading Time:
  • 57 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 63%

15065892 News

Business Business Latest News,Business Business Headlines

According to a lawsuit, some of the families said they spent $50,000 meant to fund surrogacy planning, but the money allegedly went into the owner's lavish lifestyle.

Pooja LodhiaMore than 24 families claim Surrogacy Escrow Account Management's owner used the money they deposited for family planning to fund a lavish lifestyle.At least two dozen families accuse a company owner of stealing the money they entrusted to her to help them have children through surrogacy.

The money was supposed to be held in a trust and then given out to pay for healthcare, insurance, and compensation, but attorneys claim the owner used the funds to pay for a lavish lifestyle. "They were used to fund her lifestyle, to fund her businesses, to grow her businesses, and essentially, to hide it from all the intended families that lost so much," Marianne Robak, the attorney representing the families, said.

The company is called Surrogacy Escrow Account Management LLC, or SEAM. Dominique Side, who didn't attend a court hearing on Wednesday, owns SEAM.The lawsuit includes more than 24 families who claimed the company took advantage of them and targeted them because of their desire to grow their families."She told me there were some issues with some of the funds," business partner Anthony Hall said. "For me, doing the right thing was making sure she owned and was accountable.

According to the lawsuit, some of the families contributed $50,000, but a financial expert testified that the money is likely gone.For more on this story, follow Pooja Lodhia on

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 255. in BUSÄ°NESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

26 Spilled Industry Secrets To Know'I've flown round trip to Chicago for $30, Houston for $45, Miami for $50, etc.'
Source: BuzzFeed - 🏆 730. / 51 Read more »