Hawaii man charged with post-Katrina investment scheme
Published: January 27,2012
Tags: building, charges, construction, disaster, disaster recovery, grand jury, hurricanes, investing, investment, investment scheme, investors, natural disaster, rebuilding, scam, servere weather, tropical weather, Weather
MISSISSIPPI GULF COAST — Federal officials say a man in Hawaii has been charged by a grand jury in connection with an investment scheme related to rebuilding projects in areas of Mississippi affected by Hurricane Katrina.
A Justice Department news release from the Jackson FBI office identifies the man as 54-year-old Dan Doyle, a resident of the island of Oahu.
The indictment alleges that Doyle promoted investments in Mississippi projects financed through the federal government’s Gulf Opportunity Zone program.
Seventeen people used wire transfers or mail to send more than $890,000 to Doyle for investments in GO Zone projects that were never built, according to the indictment.
Doyle allegedly spent investor money on personal and business obligations. Online court records do not indicate when Doyle will appear in court to answer the charges.
To sign up for Mississippi Business Daily Updates, click here.
Twang & Tourism: The Country Music Trail
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Moon River Foods creating 100 jobs in Mississippi Delta
- Two BancorpSouth mergers delayed by federal inquiries
- Severstal selling plants, including Severstal Columbus
- Wasted away — Margaritaville in Biloxi to close by Sept. 19
- WILLOUGHBY: Broadband Voice founder Gary Watts isn’t afraid to take chances
- Communities awarded national Main Street accreditation
- Judge to hear from True the Vote as McDaniel attempts to overturn loss to Cochran
- Police find Attorney General Hood's stolen handgun
- Weyerhaeuser investing $57M to modernize lumber mill