
Miami developer accused of $85M fraud scheme, blowing investor cash on yacht, Rolex
Fox News
Miami real estate developer Rishi Kapoor is charged with conducting an $85 million fraud scheme involving Location Ventures, allegedly diverting investor funds for a yacht and personal expenses.
Alexandra Koch is a Fox News Digital journalist who covers breaking news, with a focus on high-impact events that shape national conversation.
The indictment also includes forfeiture allegations, including a Rolex Daytona watch and 2.5-carat platinum ring. She has covered major national crises, including the L.A. wildfires, Potomac and Hudson River aviation disasters, Boulder terror attack, and Texas Hill Country floods.
Kapoor was the CEO of Location Ventures, a Miami-based real estate development company that purported to develop projects in Coral Gables, Coconut Grove, Miami Beach and Fort Lauderdale.

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