ST. PETERSBURG, Fla. (WFLA) — An investigation by NewsNation affilate WFLA found millions of dollars went missing from a St. Petersburg trust fund meant to help disabled people.
We have been exposing issues at the Center for Special Needs Trust Administration since March.
Families gave the center money from large settlements to hold in trust for their loved ones and provide for their future care, but that money is missing and victims are left wondering what’s next.
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A judge overseeing this case has asked for a plan to shut down the Center for Special Needs Trust Administration and appointed a new not-for-profit to manage the Center’s remaining days and funds. For the families who put their trust in the center, there is still just one question: where’s our money?
Back in February, the Center for Special Needs Trust Administration filed for Chapter 11 Bankruptcy after it was discovered $100 million of funds were loaned to center founder, Leo Govoni ‘s business, Boston Finance Group, between 2009-2020.
The center said Govoni has not paid that money back. The nonprofit manages special needs trusts for over 2,000 people who suffer from disabilities, ensuring they could still receive government assistance benefits including Medicaid and Social Security.
“This is the people that you stole from kids, like this it’s awful,” said Louis Capasso, father of victim Elena Capasso .