Working with the Office of Financial Regulation and our great law enforcement partners, this week, we announced the arrest of members of a Florida family and a pastor on multiple financial fraud charges. According to the investigation, the defendants operated an investment scheme that victimized more than 20 Floridians.
The alleged illegal activity led to the collection of approximately $1.3 million in racketeering proceeds. Victims were told their funds would be invested in real estate projects, primarily assisted living facilities, but the investigation revealed that many of the ALFs never opened or lost licensing as a result of mismanagement. A large portion of investor funds were allegedly used for the defendants' personal living expenses, including the purchase of a new family home.
Thanks to the tireless efforts of investigators with OFR, state and local law enforcement agencies, and my Office of Statewide Prosecution, these investment schemes, that in many cases targeted victims’ retirement savings, have been stopped and the targets of the investigation have been arrested.
In closing, as we prepare to welcome a new year please celebrate responsibly. New Year’s Day is one of the deadliest days of the year for alcohol-related fatalities. If you see someone trying to drive intoxicated, take their keys or call a cab, do not let them drive drunk. Working together we can have a happy, safe New Year.
Woman charged with abusing disabled patient at Sunland Center in Marianna, WJHG
Former Health Care Worker Arrested for Allegedly Punching Disabled Patient, WTXL