Florida Man Indicted in $36 Million Investment Fraud Scheme

Posted on January 12th, 2026 at 1:38 PM
Florida Man Indicted in $36 Million Investment Fraud Scheme

From the desk of Jim Eccleston at Eccleston Law

According to news sources, federal prosecutors allege that a Florida man orchestrated a multimillion-dollar Ponzi scheme that funded a luxury lifestyle built on stolen investor money, according to the U.S. Department of Justice.

Authorities indicted Brent Adam Seaman, 51, on charges that include wire fraud, money laundering, and filing a false tax return. Prosecutors contend that Seaman lived in Naples while operating several Florida LLCs under the “Accanito” name from June 2019 through November 2022.

According to the indictment, Seaman marketed investments with guaranteed rates of return and then diverted investor funds to repay earlier investors. Prosecutors allege that he misappropriated substantial amounts to pay personal expenses, including rent, a Ferrari, jewelry, and private jet charters. Local Florida news sources report that the indictment also claims that he underreported income on his 2019 and 2020 tax returns.

The FBI and IRS investigated the matter, and the DOJ held a press conference Thursday morning in Fort Myers to announce the charges. Seaman was arrested and is scheduled for an initial appearance before Judge Douglas Frazier at 2:30 p.m.

This case follows a 2023 Securities and Exchange Commission (SEC) action in which the SEC accused Seaman of operating a Ponzi scheme that allegedly defrauded at least 60 investors of roughly $35 million through Accanito Capital Group.

 

Eccleston Law LLC represents investors and financial advisors nationwide in securities, employment, transition, regulatory, and disciplinary matters.

Tags: eccleston, eccleston law

Return to Archive

TESTIMONIALS

Previous
Next

This was the best of all possible outcomes and I cannot thank you and the team enough.

Michael S.

LATEST NEWS AND ARTICLES

March 13, 2026
Connecticut Advisor Pleads Guilty to Ponzi-Like Investment Fraud and Tax Evasion

Federal prosecutors announced that investment adviser John A.

March 12, 2026
Cape Coral Becomes Ground Zero for Private Lending Strains in Post-Pandemic Housing Market

Cape Coral, Florida, long a magnet for out-of-state real estate investors, now illustrates the growing risks of private lending in residential development.

March 11, 2026
SEC and Commonwealth Financial Network Move Toward Settlement in Revenue Sharing Disclosure Case

The Securities and Exchange Commission (SEC) and Commonwealth Financial Network notified a federal court that they are attempting to resolve a long running enforcement dispute involving alleged disclosure failures tied to revenue sharing payments, according to ThinkAdvisor.