Owner of real estate company faces 20 years in prison for money laundering

Pasco County man pleads guilty for using bank accounts to wash money from international boiler room scam

By Louis Llovio
| 6:28 p.m. December 9, 2021
| 0 Free Articles Remaining!

FILE: Frank Sebastian Visicaro faces 20 years in prison for laundering money

Tampa Bay-Lakeland

TAMPA — A Pasco County man is facing 20 years in federal prison after pleading guilty to using his real estate firm, two shell companies and bank accounts in the companies’ names to launder money from an international boiler room fraud.

Frank Sebastian Visicaro, 62, also agreed to cooperate with federal authorities and to forfeit his assets, according to the plea agreement which was filed Dec. 2 and approved by a federal judge in Tampa Thursday, Dec. 9.