Judge denies bail for Clearwater businessman charged in $100 million fraud

Leo Joseph Govoni, who was arrested Monday morning by the FBI, will stay in jail at least until Thursday when a detention hearing is scheduled.

  • Tampa Bay-Lakeland
  • Share

A federal magistrate denied bail for Leo Joseph Govoni Monday afternoon — hours after the 67-year-old Clearwater businessman was arrested and charged in an 18-count indictment alleging he stole more than $100 millions from a nonprofit that managed funds for people with special needs and disabilities.

 

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
Subscribe

Already subscribed? Sign in.

Latest News

  • March 19, 2026
Hoffmann Family sets opening date for Naples boutique
  • March 19, 2026
Luxury Naples community sells $50M in homes in first two months of 2026
  • March 19, 2026
Water slides, bowling, go-karts and lots more coming to Lakewood Ranch
  • March 19, 2026
Downtown Sarasota apartment project would replace breakfast restaurant

Sponsored Content