Punta Gorda Man Indicted For Investor Fraud
Fort Myers, Florida - United States Attorney Robert E. O'Neill announces the unsealing of an indictment charging Anthony Michael Defeo (48, Punta Gorda) with eight counts of wire fraud. If convicted, he faces a maximum penalty of 20 years in federal prison on each count, a fine of up to $250,000, and restitution to his victims. The indictment also notifies Defeo that the United States is seeking a money judgment in the amount of $6,280,580.00, the proceeds of the offense.
According to the indictment, Defeo solicited victim investors who thought they were investing in an opportunity involving road improvements on Interstate 75, along the west coast of Florida. Specifically, Defeo misrepresented to victim investors that he had lucrative contracts and purchase orders with a legitimate corporation engaged in asphalt paving, grading, and related services for roadway and civil construction projects. Instead of using the victim investors’ money as represented, Defeo used the investors’ money for his own purposes. The indictment alleges that Defeo fraudulently diverted and converted approximately $6,280,580.00 in monies from investors for his own purposes and has failed to repay these investors.
An indictment is merely a formal charge that a defendant has committed a violation of the federal criminal laws, and every defendant is presumed innocent unless, and until, proven guilty.
This case was investigated by the Federal Bureau of Investigation. It will be prosecuted by Assistant United States Attorney Jeffrey F. Michelland.
The Office of U.S. Attorney
A. Lee Bentley, III
USA Activities in
the Middle District of Florida
Making sure that victims of federal crimes are treated with compassion, fairness and respect.
For VICTIM INFORMATION on the following cases:
EMG - Evolution Marketing Group