CFTC: Federal Court Enters Summary Judgment Against Convicted Florida Man And Orders Multiple Entities And Individuals To Pay Over $60 Million For Retail Forex Fraud Scheme mondovisione.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mondovisione.com Daily Mail and Mail on Sunday newspapers.
Michael Dacorta, a Sarasota man, duped 700 victims out of $80 million in a FOREX Ponzi scheme. He's now serving 23 years at the federal penitentiary in Coleman.
A Florida man has been convicted of running an $80 million Ponzi scheme. Court records show a federal jury in Tampa found 57-year-old Michael DaCorta guilty on Wednesday of conspiracy to commit wire fraud and mail fraud and other charges.