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South Shore Real Estate Owner Pleads Not Guilty as Prosecutors Seek $500,000 Cash Bail

Investigators accuse Stephen Webster of diverting more than $11 million from escrow and company accounts to personal use.

Overview

  • Webster was arrested on October 1 in Palm Beach County, Florida, before appearing in Brockton court on Friday.
  • Charges include embezzlement, larceny, witness intimidation, and publishing a false financial statement, according to the indictment.
  • Prosecutors allege more than $11 million was shifted to personal accounts to fund luxury cars, travel, and gambling.
  • The defense asked for a substantially lower bail, saying Webster tried to sell real estate to keep the business afloat during the pandemic.
  • Success Real Estate abruptly closed in December 2024, prompting lawsuits by former agents over bounced commissions totaling $105,033.70 and reports of buyers losing down payments.