Arkansas man charged in multimillion-dollar area event ticket scam

ST. PETERSBURG — A federal grand jury has indicted a 52-year-old man on two counts of wire fraud after an investigation by the FBI and the U.S. Department of Treasury’s Inspector General’s office alleged he defrauded investors.

Thomas Coelho, who lived in the St. Petersburg area when the alleged crimes occurred, faces 40 years in prison and a forfeiture of at least $1.8 million if convicted. Coelho was previously known as Thomas Jurewicz, according to a statement.