Post by Sapphire Capital on Jul 29, 2008 3:30:37 GMT 4
July 28, 2008
A federal grand jury in Tampa returned a 47-count indictment against three Tampa Bay area businessmen and a lawyer, accusing them of crimes related to a scheme to defraud seven Federal Deposit Insurance Corp. insured banks.
U.S. Attorney Robert E. O’Neill identified those indicted as:
• Neal Mohammad Husani, a Sarasota developer and owner of Capital Force Inc., an entity which purportedly purchased and sold commercial real estate in Sarasota and Manatee counties;
• Michael A. Tringali, also of Sarasota and the owner of G&T Land Development, which purchased and sold commercial real estate primarily in Sarasota and Manatee counties;
• John A. Yanchek, a Sarasota lawyer who represented Husani in some real estate deals;
• Larry P. Nardelli, a Tampa businessman associated with various area real estate entities.
The grand jury indictment charges the four with conspiracy, making false statements in connection with bank loans and money laundering, the release said.
The FBI began reviewing land deals involving Husani in 2006 as part of a nationwide mortgage fraud investigation called Operation Malicious Mortgage that has resulted in arrests in Florida.
Husani could not be reached. He reportedly left the country after the FBI began its investigation.
A real estate investor from Venezuela, Husani purchased land parcels in Sarasota and Manatee counties between 2004 and 2006 for $42 million and sold them to Tringali and others for nearly $100 million while obtaining millions in loans from various banks.
A federal grand jury in Tampa returned a 47-count indictment against three Tampa Bay area businessmen and a lawyer, accusing them of crimes related to a scheme to defraud seven Federal Deposit Insurance Corp. insured banks.
U.S. Attorney Robert E. O’Neill identified those indicted as:
• Neal Mohammad Husani, a Sarasota developer and owner of Capital Force Inc., an entity which purportedly purchased and sold commercial real estate in Sarasota and Manatee counties;
• Michael A. Tringali, also of Sarasota and the owner of G&T Land Development, which purchased and sold commercial real estate primarily in Sarasota and Manatee counties;
• John A. Yanchek, a Sarasota lawyer who represented Husani in some real estate deals;
• Larry P. Nardelli, a Tampa businessman associated with various area real estate entities.
The grand jury indictment charges the four with conspiracy, making false statements in connection with bank loans and money laundering, the release said.
The FBI began reviewing land deals involving Husani in 2006 as part of a nationwide mortgage fraud investigation called Operation Malicious Mortgage that has resulted in arrests in Florida.
Husani could not be reached. He reportedly left the country after the FBI began its investigation.
A real estate investor from Venezuela, Husani purchased land parcels in Sarasota and Manatee counties between 2004 and 2006 for $42 million and sold them to Tringali and others for nearly $100 million while obtaining millions in loans from various banks.