An executive of a Miami Beach manufacturing company has been convicted by a federal jury in a $40 million world-wide investment scheme.
The head of a Miami Beach-based Fortune 500 company pleaded guilty Friday to stealing millions from investors.
Slick entrepeneur Claudio Osorio made millions by defrauding investors and stealing millions to support his esoteric lifestyle, according to the U.S. Securities and Exchange Commission (SEC).
High-tech entrepreneur Claudio Osorio and high-society philanthropist Amarilis Osorio filed for personal bankruptcy Friday. Their Chapter 11 filing in Miami’s capped a series of lawsuits that accuse the couple of duping investors to pay for their lifestyle.
A South Florida businessman who convinced investors to back his proposal to build low cost housing in Haiti in the weeks after last year’s earthquake is now being sued for not delivering.