'Pure greed': Former Eastside real estate broker sentenced to 55 months for scheme that stole $2M+

May 19, 2026 - 00:08

A former Eastside real estate broker was sentenced to 55 months in federal prison on Friday after pleading guilty to a scheme that defrauded 22 victims out of more than $2 million. The judge called the crime "pure greed."

The broker, who operated in the affluent Eastside suburbs of Seattle, targeted clients who trusted him with their home sale proceeds and investment funds. Instead of using the money as agreed, he diverted it into his own accounts to fund a lavish lifestyle. Court documents show he spent the stolen cash on luxury cars, high-end travel, and personal expenses.

Prosecutors said the scheme ran for several years. The broker would promise to hold funds in escrow or invest them in real estate deals, but he never followed through. Victims included families selling their homes and retirees looking to grow their savings. In one case, a couple lost their entire life savings when the broker claimed he was buying a property for them but instead pocketed the money.

The 55-month sentence falls at the high end of federal guidelines. The judge noted the broker showed no remorse until after his arrest. He must also pay full restitution of $2.1 million to the victims. Many of them attended the sentencing and described the emotional and financial devastation caused by the betrayal.

The case highlights ongoing risks in the real estate industry, where trust is essential but can be exploited. Authorities urge homebuyers and sellers to verify all transactions and use independent escrow services. The broker's license has been revoked, and he will be on supervised release for three years after his prison term.