How Limited Partners Can Protect Their Investments in Real Estate Joint Ventures

Miami real estate developer Rishi Kapoor was recently indicted for coordinating an $85 million fraud scheme where real estate investor funds were diverted to luxury purchases, which included a 68-foot yacht, a Rolex Daytona, and a 2.5 carat platinum ring. Kapoor raised investor funds for real estate development projects in Coral Gables, Coconut Grove, Miami Beach, and Fort Lauderdale. It should come as no surprise that none of the aforementioned projects ever came to fruition.