Judge denies bond release for disgraced developer Rishi Kapoor

Disgraced developer Rishi Kapoor will stay behind bars in downtown Miami’s federal detention facility after a judge denied his request to be released on bond. At a Thursday afternoon hearing, U.S. District Judge K. Michael Moore declined to hear arguments from Kapoor’s legal team to reconsider a ruling last month by a magistrate judge to keep their client locked up following his March 6 arrest on 37 felony counts including wire and bank fraud, money laundering, failure to account for and remit payroll taxes to the Internal Revenue Service and tax evasion.  Kapoor appeared in court in khaki prison scrubs […]This article originally appeared on The Real Deal. Click here to read the full story.