Miami Beach Luxury Home Owner Rips Off 600 People

Edward Okun, owner of a multi-million dollar luxury home on Miami Beach’s Hibiscus Island, was jailed as a common swindler yesterday, after being convicted of bilking 600 people out of $132 million dollars in a Ponzi scheme. Okun was the sole owner of the now defunct Investment Properties of America and the 1031 Tax Group, both based in Richmond, Virginia.During the trial, prosecutors presented