'Millionaire deadbeat dad' John Stanton III arrested, accused of owing $10 million in child support

ORLANDO, Fla. - The search for John Stanton, the so-called "Millionaire Dead-Beat Dad," is over.

After nine months of combing the entire state, US Marshals arrested Stanton on Friday afternoon at a Fairfield Inn on Vineland Avenue in Orlando.

He is currently being held in the Orange County Jail awaiting transport to Hillsborough County.

Stanton went on the run in December, 2011, after a judge ordered him to serve five months and 29 days in jail for failing to pay at least $10 million in alimony and child support.

His wife has fought for the money for years, citing their young son who was recently diagnosed with diabetes.

When told of the arrest, his former sister-in-law Erin Budinscak said, "I'm very, very happy that they finally picked John up. It should have happened sooner rather than later, but I'm very happy they finally caught him and there will be some closure for my sister so that she can get the financial aid she needs to support herself take care of her son."

Once worth more than $250 million, Stanton claims he could not pay up because he is bankrupt.  Stanton even filed bankruptcy in federal court, but failed to show up to three separate hearings. 

Stanton did not appear at a hearing last December, where a judge ordered his arrest. Since then, a joint effort of private and public security crews has worked tirelessly to find him.

Some estimate Stanton's net worth to be around $120 million.

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