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Former NFL Player Arthur J. Marshall Jr. Sentenced for Mortgage Fraud

This post was written by jd on August 3, 2010
Posted Under: Real Estate

Former Georgia and NFL player Arthur James Marshall Jr. was sentenced to 69 months in prison for bank fraud related to an elaborate mortgage fraud scheme and was also ordered to pay more than $3.6 million restitution to his victims.

Former NFL wide receiver Arthur J. Marshall Jr. was sentenced to 69 months in prison for bank fraud related to an elaborate mortgage fraud scheme.

According to Moe Bedard of LoanSafe.org, Marshall, of Martinez, Florida, was indicted in June 2009 on 22 counts related to falsifying mortgage applications, real estate contracts and other paperwork that he fraudulently presented to lenders to obtain home loans. The banks were left with millions in bad loans as Marshall’s criminal enterprise crumbled during the housing crash.

Marshall plead guilty on October 2, apologized in court to his victims and promised to make things right in the future. As part of his plea agreement, Marshall has agreed to repay $3.6 million in restitution according to the Victoria Advocate.

“I didn’t intend for them to get hurt, but they did and that’s my fault. I will do everything in my power to make this right. And I will,” he said.

Marshall played five years in the NFL from 1991 to 1996 as a wide receiver with the Denver Broncos and New York Giants. He played at the University of Georgia from 1988 to 1991. He had 87 receptions, 1,267 yards and four touchdowns in his career.

The evidence presented at sentencing revealed that Marshall falsified sales contracts, personal finance records and other documents as part of his mortgage fraud scheme. The victims of Marshall’s scheme included banks, a family who never got a property title from Marshall after paying him $100,000 for a home, and members of the American Legion.

It also says an unnamed couple paid Marshall $100,000 in 2008 to build them a house. Prosecutors say Marshall did little construction work on the home and refused to transfer the title for the property to the buyers

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