Trial Date Set For Ex-CEO In $36M Affordable Housing Fraud
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MIAMI (CBSMiami/AP) — A former chief executive officer of a South Florida development company accused in a multi-million affordable housing fraud case has had his trial date set.
A federal judge set Aug. 24, 2016 as the trial date after defense attorneys for 69-year-old Lloyd Boggio said they needed more time to prepare for a trial.
Boggio is co-founder of Carlisle Development Group. He has pleaded not guilty to conspiracy, wire fraud and money laundering charges.
Prosecutors say Boggio and others at Carlisle stole $36 million in federal housing subsidies by falsely inflating construction costs and taking kickbacks for Miami-area apartment developments intended for low-income people.
Others indicted in the case pleaded guilty and Boggio was scheduled last month to join them, but decided instead on a trial.
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