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.

  • By Louis Llovio
  • | 7:21 p.m. June 23, 2025
  • | 0 Free Articles Remaining!
  • 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

  • November 7, 2026
Developer closes on purchase of former St. Pete police HQ
  • November 7, 2026
Fort Lauderdale HR firm acquires Lutz company
  • November 6, 2026
Sarasota Memorial breaks ground on $82.5M Venice rehab pavilion
  • November 6, 2026
Want a seat on Tampa's City Council? Applications due Monday

Sponsored Content