Two Florida males are dealing with the potential for a number of a long time in jail after allegedly masterminding a fraudulent scheme to steal over $100 million from a nonprofit group set as much as handle funds for folks with particular wants and disabilities.
The U.S. Division of Justice says Leo Joseph Govoni, 67, of Clearwater, Florida, co-founded the Heart for Particular Wants Belief Administration (CSNT) across the 12 months 2000, and CSNT employed John Leo Witeck, 60, of Tampa, Florida, as an accountant.
The nonprofit managed court docket awards, settlements and different funds for folks with disabilities and particular wants.
By 2024, CSNT managed over 2,100 particular wants trusts containing roughly $200 million, with beneficiaries in virtually each state, in accordance with the indictment.
Nevertheless, the DOJ alleges that Govoni, Witeck and their unnamed co-conspirators purloined CSNT client-beneficiary funds and hid their embezzlement by means of complicated monetary transactions. They allegedly despatched fraudulent account statements with false balances to their disabled shoppers.
Govoni allegedly used the embezzled money to purchase actual property, fund a brewery and pay private money owed. He additionally appreciated to journey by non-public jet, in accordance with the DOJ.
Each males have been charged with conspiracy to commit wire and mail fraud, wire fraud, mail fraud and cash laundering conspiracy, and Govoni was additionally hit with extra fees of financial institution fraud, unlawful financial transactions and false chapter declarations.
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