Overview

• A Plymouth County grand jury indicted Stephen D. Webster on fiduciary embezzlement, larceny by scheme over $1,200, witness intimidation, and filing a false financial statement.
• A 26-page prosecutorial filing alleges he diverted about $11.6 million from real estate escrow into business and personal accounts to fund gambling, luxury vehicles, a boat, a Hawaii trip, and an $8,250-a-month Florida apartment.
• Webster was arrested in Palm Beach County in late September and remains in custody while contesting extradition, with a Florida court appearance scheduled next Tuesday and a $100,000 cash bail request awaiting his return to Massachusetts.
• Prosecutors say he tried to mislead state regulators with a forged bank letter claiming a $1 million escrow balance when records showed roughly $7,000.
• Separate civil cases continue, including suits over bounced commission checks after his firm’s December 2024 closure, and court orders have already directed at least $1.2 million in repayments.