Interstate 75 scammer sentenced


  • By
  • | 2:26 p.m. January 9, 2015
  • | 0 Free Articles Remaining!
  • Charlotte–Lee–Collier
  • Share

FORT MYERS — A federal judge sentenced Anthony Michael Defeo, 49, of Punta Gorda, to nine years and two months in prison for wire fraud in connection with Interstate 75 road-construction projects.

U.S. District Court Judge John Steele also ordered Defeo to pay $5.7 million to his victims as restitution.

According to a statement from the U.S. Attorney's office, Defeo misrepresented to victim investors that he had lucrative contracts and purchase orders with a legitimate corporation engaged in asphalt paving, grading and services for roadway and civil construction projects. The victims thought they were investing in an opportunity involving a gravel pit and fill dirt to be used by road construction companies for I-75 improvements.

 

Continue reading your article
with a Business Observer subscription.
What's included:
  • ✓ Unlimited digital access to BusinessObserverFL.com
  • ✓ E-Newspaper app, digital replica of print edition
  • ✓ Mailed print newspaper every Friday (optional)
  • ✓ Newsletter of daily business news

Latest News

Sponsored Content