Fort Lauderdale real estate broker Christopher White pleaded guilty to federal fraud charges. White is accused of defrauding clients of more than $5.5 million.
White admitted he pressured clients to send him large deposits that he used the money to pay his personal expenses, reimburse other clients and even pay his criminal defense lawyer, according to the Sun-Sentinel.
The Fort Lauderdale-based Chris White Group refused to return about $595,000 worth of real estate deposits to three different clients who wanted to buy properties in Broward County this year.
White also admitted that he lied and falsified information when he applied for a $4.9 million mortgage to buy a waterfront home on Fort Lauderdale’s Sea Island Drive in 2006. In total, White pleaded guilty to a total of 10 federal charges.
He will be sentenced on Jan. 21 in Fort Lauderdale. [Sun-Sentinel] – Christopher Cameron