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Lending / The Ticker

Broker sentenced to five years for mortgage fraud

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A onetime Sarasota-area mortgage broker was sentenced to five years in federal prison for what authorities called a sophisticated mortgage fraud scheme. 

Arthur Seaborne, 70, pleaded guilty to conspiring to commit bank fraud last year. In addition to prison, Seaborne was also ordered to forfeit $4.27 million in proceeds from the fraud, according to a statement from the U.S. Attorney’s Office in Tampa. 

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