The Triton

News

Two guilty in Bahama scam

Posted on by in
ADVERTISEMENT

A federal jury convicted two Miami Beach residents of defrauding customers out of $8 million in a scheme to develop Rum Cay in the Bahamas, according to a story in the South Florida Business Journal.

The two ran Paradise is Mine and federal prosecutors said no money went to the Bahamas. Both individuals will be sentenced on Jan. 5. Lawrence Foster, 49, was found guilty of seven counts of wire fraud and conspiring to commit wire fraud. He faces up to 20 years in prison. Johana Leon, 38, was convicted of three counts of structuring currency transactions. She faces up to five years.

 

Related Posts...
The U.S. Army Corps of Engineers has awarded an $8.55 Read more...
The Florida Department of Transportation issued a feasibility study for Read more...
A charter cruise aboard a Miami yacht was abruptly ended Read more...
A 20m yacht burned today, June 17, near Porto Venere, Read more...
Ice loss in Antarctica has tripled in a decade, pouring Read more...

Share This Post

Editor’s Picks

Secure at Sea: The growing pains of cyber-security

Secure at Sea: The growing pains of cyber-security

Secure @ Sea: by Corey Ranslem When I heard about it, I was amazed but not surprised. The high-roller database at a major casino …

Crew Compass: Make time for yourself

Crew Compass: Make time for yourself

Crew Compass: by Lauren Loudon One thing that I’ve found difficult on boats over the years is making time for myself and doing things …

Latest news in the brokerage fleet: Bandido sells; Saint Nicholas, Rock.It listed

Latest news in the brokerage fleet: Bandido sells; Saint Nicholas, Rock.It listed

Yachts sold M/Y Bandido, a 137-foot (41.8m) Westport launched in 1989, sold in an in-house deal by Ocean Independence broker Chris …

Derecktor, Haack bid for Fort Pierce yacht facility

Derecktor, Haack bid for Fort Pierce yacht facility

By Dorie Cox Two bids to develop a megayacht repair facility in Fort Pierce, Florida, are under evaluation. Derecktor Holdings Inc. and …