Jury Convicts BBC Equities Founder, Son Over $50M RE Scam

Law360, New York (March 27, 2013, 8:00 PM ET) -- Michigan-based BBC Equities LLC founder John Bravata and his son were convicted Wednesday by a federal jury on charges that they conspired to bilk investors out of more than $50 million through a real estate scheme in which they allegedly used investor funds for personal expenses.

Bravata, 45, and his son Antonio Bravata, 25, were convicted after an eight-week trial before U.S. District Judge Paul D. Borman, according to the U.S. Attorney’s Office for the Eastern District of Michigan. John Bravata, who was arrested in May...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers

Required