Soon-to-be presidential hopeful and current Mayor Francis Suarez is under investigation. From Jay Weaver:
The FBI and Securities and Exchange Commission have opened parallel investigations into developer Rishi Kapoor’s business dealings in South Florida, focusing separately on his hiring of Miami’s mayor as a consultant on local projects and his raising of funds from investors, the Miami Herald has learned. Sources familiar with both probes say the FBI’s criminal investigation centers on $10,000 monthly payments made to Mayor Francis Suarez from a subsidiary of Kapoor’s company, Location Ventures. Special agents with the FBI’s public corruption squad began questioning witnesses this week, according to sources, zeroing in on whether the payments constitute bribes in exchange for securing permits or other favors from the mayor for Location Ventures’ mixed-use project in Coconut Grove. Meanwhile, the SEC confirmed that it is also looking into Location Ventures in a response denying the Herald access to public records related to the agency’s inquiry. Sources say its investigators are digging deeper into whether Kapoor and his company were selling investment contracts without registering them as securities, misrepresenting potential profits to investors or misappropriating funds for personal expenses. The regulatory agency’s probe has been under way since early this year. The heightened federal interest in Kapoor’s business and his relationship with the mayor comes after the Miami Herald exposed Location Ventures’ consulting payments to Suarez and detailed internal corporate records that indicated the mayor and his office helped Kapoor overcome a significant permitting hurdle threatening his $70 million Coconut Grove development. The Miami-Dade Commission on Ethics and Public Trust and the State Attorney’s Office have also opened inquiries.
4 comments:
Probably going to be a much better client than Trump
weekend roundup
Cannon at Yellowstone
https://www.floridabulldog.org/2023/06/judge-cannon-beats-the-odds-to-draw-new-trump-case-got-free-trip-to-posh-yellowstone-resort/
McGregor KOs Heat mascot
https://www.foxnews.com/sports/conor-mcgregor-sent-miami-heat-mascot-hospital-after-punch-report
Trump 1/6 redux in Miami
https://www.washingtonpost.com/national-security/2023/06/11/trump-miami-courthouse-security-protests
Nazis for Desantis at Disney
https://www.usatoday.com/story/news/nation/2023/06/11/videos-show-nazi-flags-desantis-sign-disney-world/70310731007/
What else?
If he can't even take bribes in Miami without popping up on the Feds radar, he certainly isn't presidential material.
So an indictment may help his campaign too! Miami deserves better!
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