Who is Nevin Shapiro?

Shapiro, convicted at age 42, was born in New York in 1969 to a Jewish family. He moved to Miami Beach with his family at an early age and graduated from Miami Beach Senior High School in 1986. Shapiro was a member of the basketball and wrestling teams at the school.

Shapiro used a Miami Beach-based company called Capitol Investments, USA (in which he was CEO) to dupe victims to invest in almost a billion dollars. He claimed that the company was a grocery diverter which bought low-priced food in one region and sold it for a profit elsewhere. He promised investors returns of between 10-26 percent, lying that the company was making tens of millions of dollars in annual sales. But as investigations by the Securities and Exchange Commission (SEC) revealed, Capitol had virtually no income-generating business. Shapiro directed other individuals to create and show to investors documents that touted Capitol’s profitability. The documents included financial statements, profit and loss reports, tax returns, and invoices.

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