Big Storm Brewing sells at auction for $5.5M — far less than what former owner owes fraud victims

The Brief

  • A federal bankruptcy judge approved the $5.5 million auction sale of Big Storm Brewing, one of the largest remaining assets tied to Pinellas County businessman Leo Govoni, who faces federal fraud and money laundering charges.
  • Prosecutors say the sale is part of a broader effort to recover money Govoni allegedly stole from disabled clients through the Center for Special Needs Trust Administration.
  • Victims say the sale is a step forward but only recoups a small fraction of the $100 million investigators believe was taken.

CLEARWATER, Fla. A once popular brewery in St. Petersburg will soon be under new ownership after a federal bankruptcy judge approved the auction sale of Big Storm Brewing, one of the most valuable assets linked to the criminal case against Leo Govoni.

The brewery sold for $5.5 million, a fraction of what federal prosecutors say Govoni owes families whose trust funds were drained through the Center for Special Needs Trust Administration, the non-profit he founded to manage settlements and lifelong care funds for disabled clients.

“It’s just a tiny percentage of what is owed back to all of these people, so it’s just frustrating,” said Rebekah Bowman, whose son’s account was being overseen by the center.

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