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.
Recent Posts
Latest billionaire request advances: Miami Beach commission to vote on Ken Griffin’s helipad
“We are #blessed”: South Florida’s top brokers talk Miami luxury living at The Real Deal’s Welcome to the New Miami event
$50M bankruptcy sale in Miami’s Blue Lagoon falls apart as Caroline Weiss hospitalized
Eastwind, TMT pitch multifamily addition to Delray Beach office complex
Palm Beach home listed for $30M tops signed contracts
Prestige buys back Dania Beach apartments for $27M
Miami to sue Miami-Dade County over Allapattah CRA
Megawatt moratorium: Palm Beach County OKs year-long data center pause
Name your price: David Simkins flips waterfront teardown in Miami’s Morningside for $24M
“I love when financing is difficult” Terra’s David Martin talks construction loans, branded condos at The Real Deal’s Salon Series Miami
