A Miami real estate developer has been sentenced to more than 11 years in federal prison for defrauding investors of approximately $89 million, funding a lavish lifestyle with stolen money, failing to pay payroll taxes, and lying to secure financing for a 68‑foot yacht. Federal… pic.twitter.com/bqdWSTlybT
— US Attorney Reding Quiñones (@USAO_SDFL) September 30, 2026
A Miami real estate developer has been sentenced to more than 11 years in federal prison for defrauding investors of approximately $89 million, funding a lavish lifestyle with stolen money, failing to pay payroll taxes, and lying to secure financing for a 68‑foot yacht. Federal investigators uncovered the years‑long scheme built on deception and greed — and held its architect accountable. Fraud won’t be hidden behind luxury. It will be found, and it will be prosecuted.
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