Orlando Sentinel: “Federal prosecutors investigating the crimes of former Seminole County Tax Collector Joel Greenberg have charged two of Greenberg’s associates and accused them of a multimillion-dollar real-estate fraud scheme, according to an indictment unsealed Monday. Authorities say Keith Ingersoll and James Adamczyk, working with other unnamed co-conspirators, bilked an Orlando-area investor out of over $12 million by persuading the investor to put up money for more than half a dozen fraudulent real-estate deals in Florida, other states and The Bahamas.
“Ingersoll and Adamcyzk claimed to the investor they needed money to cover deposits on contracts they signed to purchase various properties they planned to immediately flip to other buyers — at least some of whom were fabricated, according to the indictment. They told the investor the money would be held in escrow. But they and the other co-conspirators instead spent the money ‘on themselves and for their own personal benefit, including for luxury cars, travel and adult entertainment,’ according to the indictment.
“The indictment charges both men with 40 federal crimes, including wire fraud, conspiracy and money laundering. If convicted, they could face decades in prison; the 20 counts of wire fraud on which they were indicted each carry up to 20 years behind bars. Ingersoll is also charged with a 41st count: aggravated identity theft, for allegedly using the personal information of a victim identified only as ‘W.V.’ in August 2017 while committing wire fraud offenses.”