Jury Finds Cape Coral Man Guilty of Multiple Affinity Fraud Investment Scams
Ludovic Laroche, of Cape Coral, was found guilty of 61 felony charges for his role in an elaborate investment fraud that scammed investors out of more than $672,000. Charges include racketeering violations, grand theft, and various securities violations.
Laroche presented himself as a wealthy, successful businessman at several Haitian Christian churches in Lee, Charlotte, and Collier counties. In one scam, he offered investments in his companies that would pay 10 percent returns annually via unsecured promissory notes backed by real property. In another scam, he enticed Haitian American investors to invest in a rideshare app like Uber or Lyft. In yet another scam, Laroche presented himself as a securities broker that would invest money in stocks on the victim’s behalf.
The OFR collaborated with FDLE in this criminal enforcement action. Chief Assistant State Attorney J.D. Miller of the Office of the State Attorney, 20th Judicial Circuit prosecuted the case.
Sentencing is scheduled for March 4, 2025.
Read the press release.