The former owner of a Greenburgh title insurance agency has been charged with embezzling $1.6 million.

Ronald J. Rauschenbach, former owner of Castle Title Insurance Agency, plead guilty to the charge at an arraignment and was released on a personal bond, Westfair Online reported.

Rauschenbach allegedly kept more than $1.6 million from transactions conducted between 2014 to June 2020 for personal use and to pay earlier fees and taxes he had failed to pay.