MIAMI (WSVN) - A prominent real estate developer has been arrested and charged with fraud.According to police, Rishi Kapoor faces several charges in an alleged...
A prominent real estate developer has been arrested and charged with fraud.
According to police, Rishi Kapoor faces several charges in an alleged $85 million fraud scheme.
Court documents show he was the CEO of a company that was supposedly developing projects in Miami-Dade and Fort Lauderdale.
Detectives said he raised millions from investors and then used some of the money for personal use, including purchasing a 68-foot yacht.
He’s also accused of failing to pay millions in taxes from 2019 to 2023.
In 2023, Kapoor hired then-Miami Mayor Francis Suarez as a consultant while his subsidiary company was developing a project in Coconut Grove.
Suarez has not been charged in this case.
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