Location Venture News Today

“We believe that this action is an overreach by the SEC, and look forward to fighting these allegations and clearing the air,” Rishi Kapoor told the Miami Herald.

Judge orders Kapoor’s assets to be frozen.

A federal judge froze Rishi Kapoor’s bank accounts, requiring him to provide a “sworn accounting” of his assets.

“I believe what he misjudged,” said one former Location Ventures employee, “was people demanding facts.”

“Sometimes it’s better to walk away from a situation,” the mayor said.

A private lender has sued developer Rishi Kapoor and his wife in a mortgage foreclosure on the couple’s Cocoplum estate.

The buyer’s condo lawsuit is the latest among more than 10 cases brought against developer Rishi Kapoor and others.

Nine concerned constituents stood before the Flathead County commissioners recently to oppose a zone change request for 12 acres of land along U.S. 2 near Columbia Falls owned by Location Ventures, LLC of Florida.

The FBI is investigating developer Location Ventures’ business with a different mayor, Francis Suarez, in the city of Miami.

The FBI, IRS and SEC are investigating Rishi Kapoor and his development firm, a former CFO says in deposition.