The owner of a now-defunct real estate company based in Massachusetts has been indicted on embezzlement charges, prosecutors announced this week.
A Plymouth County grand jury returned a four-count indictment on Sept. 12, charging Stephen D. Webster, the longtime broker and principal of the Marshfield-based Success! Real Estate, with one count of fiduciary embezzlement, larceny over $1,200 by a single scheme, witness intimidation, and publishing a false financial statement, according to Plymouth District Attorney Timothy Cruz.
In court paperwork obtained by Boston 25 News, prosecutors allege that Webster diverted over $11.6 million in client escrow funds into business and personal accounts, violating Massachusetts escrow laws…