Where has the money gone? [South Florida]
The arrest of Sarasota businessman Daniel Prewett has investors worried.
Dr. Wayne Cohen and his wife invested $462,000 with Daniel Prewett, so the Cohens had reason to be alarmed when they heard Prewett had been arrested on a federal money laundering charge.
The couple had given Prewett the money to buy real estate with his company, JH Investment Services Inc. After the arrest, the Cohens did some checking and found Prewett had transferred one of the deeds to himself without paying for it just a few months earlier, court records show.
The couple immediately asked for their money back. Then they had an attorney send a letter, and they say Prewett still hasn’t responded.