Rishi Kapoor admits to stealing $85M from investors, vows to make it his “life’s work” to repay them
Rishi Kapoor is coming clean about his dirty dealings. As part of his plea deal with federal prosecutors, Kapoor admitted he misappropriated $85 million from investors for his failed real estate projects, including siphoning millions for his personal benefit. At a Friday hearing in Miami federal court, Kapoor agreed to plead guilty to two money laundering and payroll tax evasion conspiracy charges, capping a scandalous saga that began three years ago when federal regulators and criminal investigators began probing him and Location Ventures, the real estate development firm he founded. “It is part of my daily prayer that everybody who […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts

Can the housing market weather Iran conflict 2.0 and higher rates?

‘Magnificent’ $7.2 Million Stone Manor With 2-Story Library Is Like Something Out of ‘Beauty and the Beast’

Billionaire Stephen Ross Unveils His $10 Billion Vision for ‘Wall Street of the South’

1757 Georgian Colonial With Presidential Ties Is Restored to Its Original Glory After Jaw-Dropping Makeover

How Florida Crime Vortex With Ties to Ted Bundy Has Become One of the State’s Most Affordable Beach Escapes

As Argentina Returns to World Cup Final, This Miami Beach Neighborhood Will Be Cheering

Nobu co-founder buys Delray home, developer sells Bear’s Club mansion for $34M

‘Full House’ Creator Jeff Franklin Makes Another Attempt To Sell $45 Million Beverly Hills Mansion Built on Site of Manson Murders Home

EXCLUSIVE: ‘The View’ Host Joy Behar Finally Snags Buyer for Longtime Hamptons Home—After $1 Million Price Bump

European hedge fund Brevan Howard leases Miami office amid flock of newcomers
GET MORE INFORMATION

Stevan Stanisic
Real Estate Advisor | License ID: SL3518131
Real Estate Advisor License ID: SL3518131
