Boca Raton Man Arrested in Alleged $12 Million Advance Fee for Loan Scam

Justin Scott Godur was arrested and charged with six counts of wire fraud and one count of money laundering.

Godur allegedly represented himself and his affiliated entities as sophisticated financial intermediaries capable of securing high-value credit facilities ranging from approximately $100 million to $500 million, touting luxury real estate development experience, and alleged relationships with global investors and private lenders. He also allegedly cultivated trust with victims by engaging in extreme displays of wealth, such as hosting potential victims at luxury restaurants and hotels to reinforce the false perception that he possessed significant financial resources. Victims were purportedly induced to transmit substantial upfront fees under the pretense that such payments were required for due diligence and underwriting, lender insurance, correspondent lending arrangements, and facilitation of domestic and European credit lines. When victims demanded proof of funding progress, Godur purportedly employed several diversionary tactics to delay or deflect accountability. However, a review of financial records associated with Godur and his multiple entities revealed no alleged legitimate source of income other than victims’ funds. The investigation further revealed that Godur purportedly actively solicited new victims while changing company names and structures to avoid detection and impede recovery efforts made by previous victims.

The OFR partnered with the FBI in this criminal enforcement action. The case is being prosecuted by the U.S. Attorney’s Office, Southern District of Florida.