Local men charged in $83M bank fraud [South Florida]
Three Sarasota men and one from Tampa are facing numerous federal charges that they bilked banks out of almost $83 million on several land sales in Manatee and Sarasota counties.
A federal grand jury in Tampa has returned a 47-count indictment against Neil Mohamed Husani, 38; Larry P. Nardelli, 49; Michael A. Tringali, 46; and John A. Yanchek, 48, accusing them of conspiracy, bank fraud and money laundering, the U.S. Attorney’s Office said Monday.
They are accused of defrauding seven banks through a complex scheme involving seven real-estate transactions, four of them in Manatee, from 2004 to 2006.
The indictment was handed down last week but was sealed until Monday, when Yanchek – a Sarasota lawyer whose license is facing suspension – was arrested.