Miami Businessman Cops To $40M Investment Scam

Law360, Miami (February 28, 2013, 7:20 PM EST) -- A top executive of bankrupt Miami Beach-based manufacturing company InnoVida Holdings LLC on Thursday pled guilty to charges that he conned investors out of $40 million.

In a hearing before U.S. District Judge William Dimitrouleas, Claudio Osorio, of Aventura, Fla., pled guilty to two counts of conspiracy to commit wire fraud and to one count of conspiracy to commit money laundering.

The 54-year-old Venezuela native, who was named “entrepreneur of the year” by Ernst &Young in 1997 for his former company CHS Electronics, stood in court...
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Case Title

USA v. Eleazar Osorio et al


Case Number

1:12-cr-20901

Court

Florida Southern

Nature of Suit

Date Filed

December 5, 2012

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