Fla. Real Estate Exec To Pay IRS $1.5M For Ponzi Scheme

By Sam Reisman (May 5, 2017, 9:13 PM EDT) -- A Florida real estate executive sentenced to 40 years in federal prison for running a $300 million Ponzi scheme out of defunct luxury development company Cay Clubs Resorts and Marinas was ordered Thursday to pay the U.S. Internal Revenue Service over $1.5 million in restitution for taxes owed on unreported income....

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