Miami Developer Admits To $89M Fraud Scheme

By Carolina Bolado · May 15, 2026, 4:46 PM EDT

A Miami real estate developer pled guilty Friday to leading a scheme raising $89 million from investors for real estate development projects throughout South Florida that were never built....

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Case Information

Case Title

Securities and Exchange Commission v. Kapoor et al

Case Number

1:23-cv-24903

Court

Florida Southern

Nature of Suit

Securities/Commodities

Date Filed

December 27, 2023


Case Title

USA v.Kapoor

Case Number

1:26-cr-20073

Court

Florida Southern

Nature of Suit

Date Filed

March 03, 2026