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HOLLYWOOD (CBSMiami) — State agents arrested a man accused of selling an MLB pitcher’s yacht and keeping the profit.

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Florida Department of Law Enforcement Agents say Anthony Acosta is a former personal assistant to Los Angeles Dodgers pitcher Bronson Arroyo.

Acosta allegedly sold Arroyo’s $167,000 yacht without his permission.

The arrest comes after Miami-Dade Police launched an investigation in July over a fraudulent sale of the yacht.

Acosta, who was terminated in 2012, allegedly contacted Arroyo to tell him his yacht, stored in Tampa, had sunk.

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Investigators said Acosta also reported higher repair costs to Arroyo in an attempt to get more money.

Meantime, police say, he was moving the boat to an Opa-Locka storage facility where it was later sold for $22,000.

Investigators said Acosta forged Arroyo’s signature on the bill of sale.

After being notified, in September 2013, that the yacht had a lien on it, the new owners contacted Acosta and requested their money be returned but Acosta refused prompting them to contact Arroyo.

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Acosta is now charged with Grand Theft and Forgery. He is being held at the Hillsborough County Jail on $50,000 bond.