Fla. U.S. Attorney: Owner of Orlando Company Sentenced to 24 Years in Federal Prison for $57 Million Investment Fraud Scheme
August 09, 2024
August 09, 2024
ORLANDO, Florida, Aug. 9 -- The office of the U.S. Attorney for the Middle District of Florida issued the following news release:
U.S. District Judge Carlos Mendoza has sentenced Avinash Singh (42, St. Cloud) to 24 years in federal prison for wire fraud and money laundering. The court also ordered Singh to forfeit the $57 million in proceeds he obtained from his offenses, as well as real property that he purchased with those proceeds. Singh entered a guilty plea on May 6, 2024.
U.S. District Judge Carlos Mendoza has sentenced Avinash Singh (42, St. Cloud) to 24 years in federal prison for wire fraud and money laundering. The court also ordered Singh to forfeit the $57 million in proceeds he obtained from his offenses, as well as real property that he purchased with those proceeds. Singh entered a guilty plea on May 6, 2024.