MIAMI — Prominent South Florida developer Rishi Kapoor was indicted in federal court for “orchestrating an $85 million fraud scheme, failing to pay millions in taxes, and lying to financial institutions to obtain funds to purchase a luxury yacht,” prosecutors said in a news release on Friday. Authorities said Kapoor, 41, was the CEO of Location Ventures, a Miami-based real estate development company. Kapoor made headlines in 2023 in connection with his ties to then-Miami Mayor Francis Suarez, whom he hired to consult for a project in the Coconut Grove neighborhood, according to reporting in th
MIAMI — Prominent South Florida developer Rishi Kapoor was indicted in federal court for “orchestrating an $85 million fraud scheme, failing to pay millions in taxes, and lying to financial institutions to obtain funds to purchase a luxury yacht,” prosecutors said in a news release on Friday. Authorities said Kapoor, 41, was the CEO of Location Ventures, a Miami-based real estate development company. Kapoor made headlines in 2023 in connection with his ties to then-Miami Mayor Francis Suarez, whom he hired to consult for a project in the Coconut Grove neighborhood, according to reporting in th