FBI searches Naples commercial property, owner appears before federal judge

Reporter: Jennifer Morejon Writer: Derrick Shaw
Published: Updated:
FBI agents at a commercial property in Naples. Credit: WINK News

The FBI searched a commercial property in Naples Thursday morning. The raid went down on 10th Street South in Naples, office space for Tec Ventures LLC.

The man who owns the business is Daniel Tisone. He is a free man after posting a $250,000 bond, but he s facing a host of federal charges, including wire fraud, bank fraud,
and illegal monetary transactions.

The feds say he provided false and fraudulent information to secure more than $2.5 million in federal PPP loans.

The criminal complaint accuses Tisone of using the cash not to run his business and pay his employees during the pandemic, but to buy stocks, investment securities, and two homes in Naples.

On Thursday morning, FBI agents raided Tisone’s Tec Ventures LLC business office in Naples. The company website says it is a commercial real estate and technology company. FBI told WINK News it was a “court-authorized search warrant,” but “no further details can be shared at this time.”

Tisone has previous felony convictions for assault in New York and drug charges in Virginia. If convicted in Florida, he could face up to 30 years in prison for each fraud charge and up to 10 years in federal prison for the illegal monetary transaction.

The federal judge ordered Tisone to vacate the two homes he purchased. Tisone argued that he should be allowed to sell them and use that money to repay the loans.

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