Developer Rishi Kapoor arrested on federal fraud charges
Rishi Kapoor, the developer who previously settled a Securities and Exchange Commission civil case alleging he swindled investors, was arrested on Friday on fraud charges. Kapoor, 42, ex-CEO of the once-promising development firm Location Ventures and its URBIN subsidiary, is facing charges tied to allegations he defrauded investors, the Miami Herald reported. He is to make his first appearance in federal court in Miami on Friday. Details of the charges against him aren’t yet known, as the indictment is under seal, though the criminal case closely mirrors the SEC’s previous civil allegations against Kapoor. In December 2023, SEC regulators alleged […]This article originally appeared on The Real Deal. Click here to read the full story.
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Stevan Stanisic
Real Estate Advisor License ID: SL3518131
Real Estate Advisor License ID: SL3518131