Federal authorities say a Gainesville man bilked hundreds of investors out of millions in a Ponzi scheme and used the money to fund a lavish lifestyle.

Investigators say David R. Lewalski, 47, solicited money from investors promising 10 percent returns on their investments, but in fact did not invest all the money, and generated little, if any, profits, according to a U.S. Attorney’s Office press release.

Authorities charged Lewalski with wire fraud after finding he took in $30 million from investors which he used to buy real estate, cars, clothing and jewelry, and to lease private jets, according to the U.S. Attorney’s Office. He was charged with wire fraud and faces up to 20 years in prison, if convicted.

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New Florida water rule myth: Obama did it

Sen. Marco Rubio, R-Fla., and Rep. Tom Rooney, R-Stuart, have unveiled a new argument in their quest to fight the EPA's decision to create new water quality standards for Florida: The Obama Administration did it. In doing so, they overlook the fact that the mandate to implement the rules was decided on by the George W. Bush Administration.