A Gulfport man was arrested after defrauding a man of more than $30,000 in escrow payments, causing the victim’s home to go into foreclosure, officials said.
Michael Schaffer, 60, was charged by the Pinellas County Sheriff’s Office with scheme to defraud.
In February 2025, the victim took out a second mortgage on his home with the understanding that he would receive $40,000 in escrow, according to a Sheriff’s Office report…