A prominent Miami real estate developer is facing charges in connection with an alleged $85 million fraud scheme that helped him buy a luxury yacht and fund a lavish lifestyle, authorities said. Rishi Kapoor, 41, is also accused of failing to pay millions in taxes and of lying to financial institutions to purchase the yacht, the U.S. Attorney's Office for the Southern District of Florida said Friday. Watch NBC6 free wherever you are Kapoor was the chief executive officer of Location Ventures, a Miami-based real estate development company who was able to raise $85 million from investors for pro
A prominent Miami real estate developer is facing charges in connection with an alleged $85 million fraud scheme that helped him buy a luxury yacht and fund a lavish lifestyle, authorities said. Rishi Kapoor, 41, is also accused of failing to pay millions in taxes and of lying to financial institutions to purchase the yacht, the U.S. Attorney's Office for the Southern District of Florida said Friday. Watch NBC6 free wherever you are Kapoor was the chief executive officer of Location Ventures, a Miami-based real estate development company who was able to raise $85 million from investors for pro