The Ticker
Broker sentenced to five years for mortgage fraud
1/25/13 12:27pm
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.
