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(Photo: Bigstock) Coface Insurance accused Villa Rica solo Jay Davis of allowing email hijackers to misdirect $3.1 million into his IOLTA account, from which more than a half-million dollars was siphoned before the scam was discovered. (Photo: Bigstock)

An insurance company that sued an attorney over allegations he conspired with online fraudsters to steal more than half a million dollars meant for a policyholder has settled its claims with Villa Rica solo James “Jay” Davis III.

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