A prominent real estate developer has been arrested and charged with fraud. According to police, Rishi Kapoor faces several charges in an alleged $85 million fraud scheme. Court documents show he was the CEO of a company that was supposedly developing projects in Miami-Dade and Fort Lauderdale . Detectives said he raised millions from investors and then used some of the money for personal use, including purchasing a 68-foot yacht. He’s also accused of failing to pay millions in taxes from 2019 to 2023. In 2023, Kapoor hired then-Miami Mayor Francis Suarez as a consultant while his subsidiary company was developing a project in Coconut Grove. Suarez has not been charged in this case. ...read more read less