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P R E S S   R E L E A S E

FOR IMMEDIATE RELEASE:

May 4, 2012


Former Perdido Key Real Estate Agent Sentenced To Federal Prison

PENSACOLA, FLORIDA B Former Perdido Key realtor Todd Britton-Harr, 35, was sentenced to four years in prison yesterday on charges of making false statements in loan and mortgage documents.

Evidence introduced in the January jury trial that led to his conviction showed that Britton-Harr, and his stepmother and co-defendant, Karyn Britton, made false statements on loan documents submitted in connection with their purchases of condominium units in the Purple Parrot Village of Perdido Key, Florida. The couple failed to disclose known liabilities, and made false statements concerning how the condominiums would be used. Many of the condos purchased by the co-defendants have since gone into foreclosure, resulting in losses exceeding $1,000,000. Over the course of a nine-month period, Britton-Harr conducted more than a dozen real estate transactions, which netted him approximately $370,000.

In addition to the prison sentence, Britton-Harr was ordered to pay restitution. Britton-Harr remains in the custody of the United States Marshals in this case, and is also being held on federal drug trafficking charges out of the Southern District of Texas.

U.S. Attorney Pamela C. Marsh praised the investigative work of the Federal Bureau of Investigation and the Florida Office of Financial Regulation, whose joint investigation led to the convictions.

The case was prosecuted by Assistant United States Attorney David L. Goldberg.


Source: United States Attorney's Office for the Northern District of Florida


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