Joel Greenberg associates indicted on federal real estate fraud charges in Florida

Keith Ingersoll and James Adamczyk allegedly bilked an investor out of $12 million

Miami Weekend Edition /
Nov.November 21, 2021 09:00 AM
Joel Greenberg's attorney holding legal texts outside of a federal courthouse (Getty)

Joel Greenberg’s attorney holding legal texts outside of a federal courthouse (Getty)

Federal prosecutors have indicted two associates of former Seminole County Tax Collector Joel Green with a litany of federal charges over an alleged real estate fraud scheme.

Prosecutors allege that Keith Ingersoll and James Adamczyk defrauded an Orlando-area investor of $12 million, according to the Orlando Sentinel. The pair was charged with 41 federal crimes, including 20 counts of wire fraud, as well as conspiracy and money laundering.

Federal investigators say the pair claimed they needed money for deposits to purchase contracts for properties they said they would flip. They instead took the money for themselves and spent it on “luxury cars, travel and adult entertainment,” among other personal purchases.

They allegedly told the investor that they had entered purchase agreements for those properties and provided the investor with falsified documents purporting to prove it. Yet “as the defendants then and there well knew, the owners had not agreed to sell the real estate and, in some instances, had never been contacted about selling the real estate.”

The two were also involved in a property sale to the Seminole County Tax Collector’s Office that an auditor said “has collusion written all over it.”

Greenberg authorized the office’s $810,000 purchase of a bank property from Adamcyzk hours after the latter had bought the property for $680,000, according to the Sentinel. Greenberg also hired Ingersoll as a real estate advisor for $48,000, despite what auditors called “no evidence of work.”

Greenberg, once considered a rising star in central Florida’s Republican scene, pleaded guilty in May to sex trafficking of a minor and other federal criminal charges after he admitted he and two other men paid a 17-year-old girl for sex and gave her narcotics.

Federal investigators are also probing whether U.S. Representative Matt Gaetz had sex with that same girl. Greenberg’s plea requires him to cooperate fully with “the investigation and prosecution of other persons,” according to the Sentinel.

[Orlando Sentinel] — Dennis Lynch 





    Related Articles

    arrow_forward_ios
    A photo illustration of Miami real estate agent Daniela Rendon (Getty, LinkedIn/Daniela Rendon, United States District Court)
    Miami real estate agent charged with $381K PPP fraud
    Miami real estate agent charged with $381K PPP fraud
    (Photo-illustration by Paul Dilakian/The Real Deal)
    “Recipe for fraud”: The alleged scam that rocked South Florida’s biggest HOA
    “Recipe for fraud”: The alleged scam that rocked South Florida’s biggest HOA
    From left: Attorney David Gersten and Judge Beatrice Butchko along with an aerial view of the Hammocks (Getty, LinkedIn/David Gersten, Twitter/Beatrice Butchko, Eleventh Judicial Circuit of Florida)
    After the arrests: What’s next for Hammocks HOA?
    After the arrests: What’s next for Hammocks HOA?
    From left: LeBron James, Ken Griffin, Miami-Dade Mayor Daniella Levine Cava, Jeff Bezos, Vlad Doronin, and Stephen Ross (Getty)
    Here’s what went down in South Florida real estate in 2022
    Here’s what went down in South Florida real estate in 2022
    Marglli Gallego with map of Hammocks (Eleventh Circuit Court, Getty)
    South Florida’s biggest HOA’s leaders charged in massive fraud
    South Florida’s biggest HOA’s leaders charged in massive fraud
    (Photo Illustration by The Real Deal with Getty and Google Maps)
    Inside Miami real estate scam targeting Venezuela’s elite
    Inside Miami real estate scam targeting Venezuela’s elite
    10181 US Highway 98 West and 39 Sandy Dunes Circle (LoopNet)
    Florida Panhandle estate sold for $25M
    Florida Panhandle estate sold for $25M
    The Minorca condominium at 2030 Douglas Road in Coral Gables (iStock, CBRE, Illustration by Kevin Rebong for The Real Deal)
    Ex-Venezuelan official tied to $1B fraud gets 4+ years, must forfeit Coral Gables condo
    Ex-Venezuelan official tied to $1B fraud gets 4+ years, must forfeit Coral Gables condo
    arrow_forward_ios

    The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

    Loading...