Published: May 15, 2014 5:53 PM EDT
Updated: May 15, 2014 5:58 PM EDT

A Maryland man is facing 27 felony charges in Florida, all stemming from an alleged real estate fraud.

Mark Ledbetter was arrested in April by the Florida Department of Law Enforcement and the Maryland State Police.  He was booked into the Chartlotte County Jail on Wednesday.

Investigators say Ledbetter stole more than $5,000 from his victims, who were looking to buy property all over Florida, including in Lee and Charlotte counties.

WINK News visited a few of those properties, which are located in the Tern Bommunity off of  Burnt Store Road.  They were empty lots, situated next to rented homes.

"It does not surprise me," said Andrea Pifer, who lives across the street from the lots.  "I read about it all the time."

According to the arrest affidavit, Ledbetter started a Florida-based corporation called Tarpon IV, LLC.  There is a Delaware corporation with the same exact name.

Investigators say ledbetter then took to eBay, auctioning off properties that belonged to the Delaware business.

He then had the winners wire him money, as he filed fake deeds with county clerks.

The Tarpon IV based in Delaware filed a lawsuit against Ledbetter last year.  That case is still pending.