Marshall pleads not guilty
By Stephanie Toone | Staff Writer
Thursday, June 18, 2009 4:55 p.m.

Arthur Marshall pleaded not guilty during his arraignment hearing in U.S. District Court today.

U.S. Magistrate Judge Leon Barfield explained each of the 22 charges against the local businessman and former hometown and NFL football star who is accused of fraud and money laundering through mortgage ventures.

He faces a maximum of 30 years in prison for each of the eight counts of bank fraud and a $1 million fine; 20 years in prison for each of the two counts of mail fraud and a $250,000 fine; and 10 years in prison for each of the 11 counts of money laundering and a $250,000 fine.

A federal indictment accuses Mr. Marshall of defrauding three banks in Richmond and Columbia counties, deceiving a mortgage lender and a home buyer regarding the sale of two properties and obtaining more than $1 million from those allegedly fraudulent transactions.

Mr. Marshall is ordered to undergo a drug test and a daily curfew from 10 p.m. to 6 a.m., Judge Barfield said.

He posted $2,500 of the $100,000 bond Thursday and will have 10 days to file a motion in the case.

From the Thursday, June 18, 2009 online edition of The Augusta Chronicle
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