SAVANNAH — Former NFL player Arthur James Marshall Jr. was arrested Wednesday on federal charges that he swindled more than $1 million from banks by using false information to obtain loans for real estate ventures.
Arthur James Marshall Jr. was arrested in Miami after a grand jury in Savannah indicted him last week, said Edmund A. Booth Jr., U.S. attorney for the Southern District of Georgia.
“We’re alleging that he provided false and fraudulent information to banks to get mortgage loans and construction loans,” Booth said.
Marshall, 40, played five years in the NFL from 1991 to 1996 as a wide receiver with the Denver Broncos and New York Giants. He played at the Unversity of Georgia from 1988 to 1991.
A 22-count indictment in U.S. District Court charged Marshall with bank fraud, money laundering and mail fraud. The indictment was filed June 4, but was sealed by a judge until Wednesday when Marshall was taken into custody.
The indictment says Marshall gave three banks false information on documents such as financial statements, sales contracts and pre-approval letters to qualify for loans to buy and build on seven properties in Augusta and nearby Evans. He took out then loans in 2007 and 2008.