Myrtle Beach real estate agent gets prison for loan fraud

Myrtle Beach real estate agent Arkadiusz “Eric” Grabara was sentenced this week to one year and one day in prison after pleading guilty in federal court in Florence to charges that he made false statements on a mortgage loan application.

Grabara – a sales agent for Pavilack Realty Inc. in Myrtle Beach – also will be on five years of supervised release once his prison sentence is complete. He remains free on bond pending his report to prison after the first of the year.

The false statements were included on documents related to a mortgage Grabara helped obtain in late 2008 from First Reliance Bank, according to court documents. No further details on the loan were available and it is not clear whether the mortgage was for himself or a real estate client.

An indictment and bench warrant was issued against Grabara on April 24 and he has been free on a $25,000 unsecured bond since his arraignment on the charge.

The indictment that led to Grabara’s arrest remains under seal, indicating further arrests could be possible.

Grabara had faced a maximum 30-year prison sentence and a $1 million fine. His sentence was reduced because he agreed to plead guilty and cooperate with investigators.

Pavilack said Grabara remains employed at the real estate firm. S.C. Department of Labor, Licensing and Regulation records show Grabara’s real estate license is active through June 30 and agency records show no disciplinary action has been taken against Grabara by the S.C. Real Estate Commission.