A Tampa real estate developer avoided indictment while his operations manager, acting under limited power of attorney, faced prosecution. Grand juries rely on documentary evidence from the FBI, so without sufficient papers, even known participants escape charges. The developer used a trusted intermediary instead of shell companies to stay insulated from liability.
this case in Tampa involved the same developer, different set of facts, different set of players. Um, and, and just so your audience knows, like, the developer in my case was not indicted. He— Ever? To this day? Ever. His operations guy, um, was indicted, but the actual principal developer who made all the money, like the main guy who was making the decisions, because, and this is important to know, he was wisely advised, don't sign anything, don't put your name on anything. So, so his operations guy was on everything. Like, you know, he was the one that was emailing back and forth to all the buyers and the, you know, more mortgage brokers and the realtors and me. And he, he was the one that was signing as POA, power of attorney for the developer. He, so everything was done by this operations guy, his right hand. And the developer was never indicted.
So, but anyway, so wait a minute, wait a minute. So the operations guy was the power of attorney for the developer and that got the developer off the hook that he had a limited POA to sign for him? Uh-huh. That's not—
and, but you all remember in a, in a, in a white collar case, the grand jury receives evidence from the FBI, from the, um, US Attorney that they have, you know, spent years. In my case, they spent however many years, 6 years investigating. So the, the actual documentary evidence is basically what decides whether the grand jury is going to indict. Okay? If the U.S. Attorney's Office doesn't have evidence to present to the grand jury, they know, like, they act— they already— they actually, you know, logically understand and know that the developer's involved, but if they don't have evidence that they can provide to the grand jury to back it up, it doesn't elevate to the level of an indictment.
Okay. So this developer, two different marketplaces. Mm-hmm. He's not even operating under different company names. Did he have shell companies or just the dude knew how to play the system so he didn't have to create shell companies? Is that what you're saying? Correct. I, I'm, I'm floored by this.
Yeah, I was so angry for so long about this, right? Like, as I was going through the process, I was, I was like, but I don't understand, why isn't he indicted?
