SBI Arrests Raleigh Man for alleged theft in Florida

TALLAHASSEE, FL (WWAY) — 46-year-old Keith Sanders, of Raleigh was arrested by the Florida Department of Law Enforcement (FDLE), with assistance of the North Carolina State Bureau of Investigation.

Sanders is facing the following charges:

• One count each of first-degree grand theft.
• One count of 2nd degree providing false information to a financial institution.

The investigation began in October when a Tallahassee financial institution alleged that Sanders defrauded the institution out of approximately $230,000 from a fraudulent loan.

Sanders received the loan in May 2024 for a nonexistent boat.

The investigation revealed that Sanders applied for the loan to purchase a boat in North Carolina, falsely stated that he lived in Panama City and worked in Tallahassee, and provided a false title for the nonexistent boat.

Agents with the North Carolina State Bureau of Investigation arrested Sanders on Nov. 9 on the FDLE warrant and transported him to the Wake County Jail.

Sanders was arrested by FDLE in Feb. 2026 for similar charges in a different fraudulent loan case involving a financial institution in Perry.

The investigation remains ongoing.