South Shore realtor held on $100k bail in embezzlement case

63-year-old Stephen Webster, until recently, a South Shore realtor, owner of Success! Realty pleaded not guilty to all charges at Brockton Superior Court in an embezzlement case involving millions of dollars.

Prosecutors allege Webster illegally tapped into homeowner escrow accounts, and even borrowed money from other real estate agents to fund an extravagant lifestyle that included a high-rent Florida property, expensive cars, jet skis, boats, vacations, and trips to Boston and Florida casinos.

“The allegations are there was $11million that was diverted out of accounts. As we speak right now, there’s approximately $1.3 million that is unaccounted for. Including but not limited to 500 thousand dollars or so in monies that are owed to brokers, commissions, downpayment on homes,” said Plymouth County District Attorney Timothy Cruz…

Story continues

TRENDING NOW

LATEST LOCAL NEWS