Florida Chief Financial Officer Blaise Ingoglia announced on March 11 the arrest of Marc Evan Brown, a former Florida attorney and owner of MEB Title Co., who allegedly misappropriated client funds for personal use.
During their investigation, detectives reportedly uncovered a systematic pattern of theft spanning several years and multiple clients that suffered significant financial losses as a result of Brown’s activities.
In total, Brown misappropriated $228,878.64 in client funds which he used for vacations, sport tickets and high-end shopping. This was done through unauthorized withdrawals from the client’s trusts and wire transfers of the client’s escrow funds to his personal bank account, according to authorities.
Brown was arrested on Feb. 28 and faces charges of grand theft, money laundering, misappropriation of funds and exploitation of an elderly person. The arrest was made by the Florida Department of Financial Services’ Criminal Investigations Division.
Prosecution of the case falls under the Broward County State Attorney’s Office.
“Criminals who try to steal from hard-working Floridians will face serious repercussions for their actions,” Ingoglia said in a release. “Thanks to the hard work of my investigators, the only designer outfit Mr. Brown will be wearing in the near future is a Florida Department of Corrections jumpsuit, specially made in his shade of orange. My investigators will continue to protect Floridians from criminals who believe they are above the law and use their position for their own personal gain.”