Rishi Kapoor admits to stealing $85M from investors, vows to make it his “life’s work” to repay them

Rishi Kapoor is coming clean about his dirty dealings.  As part of his plea deal with federal prosecutors, Kapoor admitted he misappropriated $85 million from investors for his failed real estate projects, including siphoning millions for his personal benefit.   At a Friday hearing in Miami federal court, Kapoor agreed to plead guilty to two money laundering and payroll tax evasion conspiracy charges, capping a scandalous saga that began three years ago when federal regulators and criminal investigators began probing him and Location Ventures, the real estate development firm he founded.  “It is part of my daily prayer that everybody who […]This article originally appeared on The Real Deal. Click here to read the full story.