TAMPA, Fla. – Leo Govoni, the Pinellas County businessman accused of stealing $100 million from belief funds for individuals with disabilities, now faces 15 prison prices, in accordance with a federal grand jury indictment.
Case in opposition to Leo Govoni
The backstory:
Govoni has been on the heart of the chapter case for the Middle for Particular Wants Belief Administration, which he based in St. Petersburg. The nonprofit oversaw the belief fund accounts of disabled shoppers, lots of whom counted on that cash to be there for medical and residing bills for the remainder of their lives.
He is accused of taking the $100 million within the type of loans to one among his companies, Boston Finance Group, and by no means paying it again. The court docket discovered him chargeable for that quantity and an extra $20 million in curiosity.
Courtroom information present greater than 1,500 belief funds had been partially or absolutely drained.
Earlier this month, the court docket seized greater than 100 of Govoni’s companies, together with Huge Storm Brewing. A court-appointed trustee will decide in the event that they to promote the properties to attempt to recuperate some cash for the victims.
Dig deeper:
A 32-page grand jury indictment obtained by FOX 13 on Monday exhibits that Govoni faces the next prices:
- Conspiracy to commit mail fraud and wire fraud
- Mail fraud (4 counts)
- Wire fraud (six counts)
- Cash laundering conspiracy
- Financial institution fraud
- Unlawful financial transactions
- False chapter declaration
What’s subsequent:
The U.S. Lawyer’s Workplace says extra particulars in regards to the prison case in opposition to Leo Govoni will likely be launched at a information convention scheduled for 1 p.m. Monday.
The Supply: This story was written with info from the U.S. Lawyer’s Workplace, a prison indictment, and former FOX 13 Information stories.
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