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Punta Gorda Man Indicted For Investor Fraud
Fort Myers, Florida – A 48-year-old man from Punta Gorda has been charged with a string of federal crimes after allegedly scamming investors out of a staggering $6,280,580.00.
According to the indictment, Anthony Michael Defeo (48, Punta Gorda) faces eight counts of wire fraud, with each count carrying a maximum penalty of 20 years in federal prison and a fine of up to $250,000.
The indictment alleges that Defeo solicited victim investors who thought they were investing in an opportunity involving road improvements on Interstate 75, along the west coast of Florida. However, instead of using the victim investors’ money as represented, Defeo reportedly used the funds for his own purposes.
Defeo is also accused of failing to repay the investors, who were misled into believing they had lucrative contracts and purchase orders with a legitimate corporation engaged in asphalt paving, grading, and related services for roadway and civil construction projects.
An indictment is merely a formal charge that a defendant has committed a violation of federal criminal laws, and every defendant is presumed innocent unless proven guilty.
The case was investigated by the Federal Bureau of Investigation, with Assistant United States Attorney Jeffrey F. Michelland set to prosecute the case.
Defeo’s alleged scheme has left a trail of financial devastation in its wake, with victims still waiting for justice and restitution.
As the investigation continues, one thing is certain: the people of Punta Gorda and surrounding areas will be watching closely to see justice served in this high-profile case.
Stay tuned to Grimy Times for further updates on this developing story.
Key Facts
- State: Florida
- Category: White Collar Crime
- Source: DOJ Press Release ↗
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