A federal indictment unsealed Friday charged a Florida real estate developer with orchestrating an $85 million fraud scheme, failing to pay millions in taxes and lying to financial institutions to purchase a luxury yacht.
Rishi Kapoor, 41, of Miami, was charged with conspiracy to commit wire fraud, wire fraud, money laundering, conspiracy to commit offenses against and to defraud the U.S., failure to pay payroll taxes, tax evasion, failure to file tax returns and bank fraud.
The indictment also includes forfeiture allegations, including a Rolex Daytona watch and 2.5-carat platinum ring…