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He was arrested in July 2016 for operating as a real estate broker without a license. Investigators soon learned he had been soliciting down payments from several people on Craigslist, an online classifieds website, for rent-to-own properties only to swindle the would-be homeowners out of thousands. As part of his plea agreement, Cottle will have to repay the victims a total of $78,103, court records indicate. Attempts to reach Cottle for comment Friday were unsuccessful. The case remains pending, with a sentence hearing scheduled for Oct. 2, provided Cottle’s restitution checks for $78,103 clear within about the next eight days. If not, he could be looking at 30 years in prison, according to court records. Cottle faced eight counts of operating as a real estate broker without a license, seven counts of grand theft, one count of grand theft over $20,000 and seven counts of scheming to defraud. Those charges could be resolved with restitution and probation but without additional jail time as per the agreement, court records indicate. Prosecutor Devin Collier said of the eight victims, only two wanted Cottle to see jail time, while the other six just wanted their money back. “We basically came to the agreement that he could either come up with 100 percent of the restitution or spend 30 years in prison,” Collier said.
For the original version including any supplementary images or Panama City Beach real estate agents video, visit http://www.newsherald.com/news/20170922/court-bayou-george-man-must-repay-78000-in-rent-to-own-scheme
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