Florida Nonprofit Founder and Accountant Charged with Stealing Over $100M from Special Needs Victims

An indictment was unsealed today charging two Florida men in connection with a fraudulent scheme to steal over $100 million from a nonprofit organization that managed funds for people with special needs and disabilities.

“As alleged, for over 15 years, the defendants conspired to use the funds of special needs clients as a personal piggy bank, stealing $100 million dollars meant for the most vulnerable members of our society to enrich themselves,” said Matthew R. Galeotti, Head of the Justice Department’s Criminal Division. “Today’s charges reflect the Criminal Division’s ongoing commitment to prosecuting sophisticated fraudsters who abuse the trust of their victims. Thanks to the relentless efforts of our multiagency partners, we will continue to aggressively pursue accountability for perpetrators who exploit Americans out of greed.”

https://www.justice.gov/opa/pr/florida-nonprofit-founder-and-accountant-charged-stealing-over-100m-special-needs-victims