Savannah federal prosecutors bring fraud charges against former NFL player
Arthur James Marshall Jr., 40, was arrested on Wednesday for allegedly swindling more then $1 million from banks. Prosecutors say Marshall used false information to obtain loans for his real estate enterprises.
The Atlanta Journal Constitution has the story here.
A grand jury in Savannah indicted Marshall last week on 22 counts including bank fraud, money laundering, and mail fraud. On Wednesday, Marshall was arrested in Miami. The indictment states that Marshall provided three banks with false information on documents to qualify for loans to buy and build on seven properties in Augusta and Evans. The documents in question included financial statements, sales contracts, and pre-approval letters. The loans were taken out in 2007 and 2008.
The indictment also alleges that Marshall deceived a mortgage lender in 2007 by using a fake buyer to apply for a loan in order to buy a home Marshall wanted. Allegedly, Marshall gave the fake buyer falsified paperwork and a down payment to carry out the fraud. Additionally, Marshall is accused of taking $100,000 from an Evans couple in 2008 who paid Marshall to build a house. Prosecutors say that Marshall did little work on the home and refused to hand over the property’s title to the couple.
Marshall is known for playing as a wide receiver for the Denver Broncos and the New York Giants from 1991 to 1996. He also played for the University of Georgia between 1988 and 1991. After his career in the NFL, Marshall moved to Augusta where he operated four real estate and construction businesses. One of his businesses, Custom Contractors and Associates, filed for bankruptcy last year after owing more than $10 million to creditors.
Marshall is expected to appear in court for his initial appearance this week.
Pate & Brody is an accomplished Georgia law firm with offices in Atlanta, Macon and Madison. Our lawyers are dedicated to pursuing justice for people charged with serious crimes. We have successfully represented clients facing serious federal criminal charges and state criminal charges in courts across Georgia. Our lawyers have been recognized on the list of Georgia's "Super Lawyers", and included among Georgia's "Legal Elite" by Georgia Trend Magazine. Page Pate was recently the Chairman of the Criminal Law Section of the Atlanta Bar Association.
