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.
Was this article valuable?
Here are more articles you may enjoy.
Taco Bell Offers $1 Lettuce-Free Enchirito to Win Back Customers Post-Parasite 
Heat Worries US Wheat Farmers Just as Crop Prices Are Surging 
Lawsuit Accuses Meta of Using AI to Target Workers With Medical Conditions for Layoffs 
Hybrids Boom as EVs Fall Out of Favor Even in California 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.