Real estate exec headed to federal prison for money laundering

The Pasco County owner of a real estate company was sentenced for using bank accounts to launder money from an international boiler room scam.

  • By Louis Llovio
  • | 9:15 a.m. March 27, 2023
  • | 0 Free Articles Remaining!
  • Tampa Bay-Lakeland
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A 63-year-old Pasco County real estate executive has been sentenced to two years in prison for money laundering.

Frank Sebastian Visicaro, who pleaded guilty in late 2021, must also pay $1.09 million in restitution.

According to the plea agreement, between March 2009 and December 2013 Visicaro helped "perpetuate an international wire fraud scheme” that saw between $500,000 and $1.5 million flow through accounts he owned.

 

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