Miami Developer Accused of $85 Million Fraud Used to Finance Luxury Yachts and Lifestyle Expenses

Release Date 03/06/2026 Miami, Florida. A federal indictment unsealed today charges a Miami real estate developer with orchestrating an $85 million fraud scheme, failing to pay millions in taxes, and lying to financial institutions to obtain funds to purchase a luxury yacht.   According to court documents, Rishi Kapoor, 41, formerly of Miami, was the … Continue reading Miami Developer Accused of $85 Million Fraud Used to Finance Luxury Yachts and Lifestyle Expenses