Daniel Prewett, a convicted fraudster who fleeced investors in Florida whilst conspiring with narcotics trafficking clients and laundering their illegal profits, has been convicted after a jury trial in United States District Court, on drug and money laundering charges. Extradited from Italy, where he had fled to avoid prosecution, Prewett is facing ten years to life in prison for his crimes. It is believed that he hid most of the proceeds of his fraud in Costa Rica. The IRS filed an action against him last year, seeking injunctive relief against Prewett, his companies and associates, to prohibit him from further preparation of fraudulent income tax returns. A court-appointed bankruptcy trustee is seeking recovery of $36m.

The facts and opinions stated in this article are those of the author and not those of World-Check. World-Check does not warrant the accuracy of any facts and opinions stated in this article, does not endorse them, and accepts no responsibility for them.