FOR IMMEDIATE RELEASE
July 28, 2008
http://www.usdoj.gov/usao/flm/pr                                                  

THREE BUSINESSMEN AND ONE ATTORNEY FROM THE TAMPA/SARASOTA AREA CHARGED IN AN $82.8 MILLION MORTGAGE LOAN FRAUD

Tampa, Florida - United States Attorney Robert E. O'Neill today announced the return of a 47-count Indictment against four individuals charging them with conspiracy, making false statements in connection with bank loans, a scheme to defraud seven FDIC ­insured banks, and money laundering.

The indicted defendants are:

• (1) NEIL MOHAMED HUSANI, age 38, formerly a resident of Sarasota, owner and principal officer of Capital Force, Inc., an entity which purportedly purchased and sold commercial real estate in Sarasota and Manatee Counties;
• (2) MICHAEL A. TRINGALI, age 46, a resident of Sarasota, owner and principal officer of G & T Land Development, an entity which purportedly purchased and developed commercial real estate, primarily in Sarasota and Manatee Counties;
• (3) JOHN A. YANCHEK, age 48, a resident of Sarasota, and a practicing attorney licensed by the State of Florida; and
• (4) LARRY P. NARDELLI, age 49, a resident of Tampa, a businessman associated with Elba International LLC and other companies.

Defendant YANCHEK was arrested this morning without incident. He will make his initial appearance this afternoon at 2:30 pm before the Honorable Mary S. Scriven, United States Magistrate Judge . Defendants TRINGALI and NARDELLI are expected to surrender to the authorities tomorrow. Defendant HUSANI's current whereabouts is unknown.

The maximum penalty for a violation of conspiracy (18 U.S.C. §371) is five years imprisonment and a fine of $250,000. The maximum penalty for a violation of making false statements to a financial institution in connection with a loan (18 U.S.C. §1014) and bank fraud (18 U.S.C. §1344) is 30 years imprisonment and a $1,000,000 fine. The maximum penalty for a violation of a 1956 money laundering charge (18 U.S.C. §1956) is 20 years imprisonment and a $500,000 fine. The maximum penalty for a 1957 money laundering charge (18 U.S.C. §1957) is 10 years imprisonment and a $250,000 fine. Attached to this release is a chart showing which defendant is named in which count.

According to the allegations in the Indictment, the defendants conspired to obtain approximately $82,790,000 in loans from seven financial institutions in the Tampa/Sarasota area by making false statements to those banks.

The criminal investigation was conducted jointly by Special Agents from the Sarasota offices of the Federal Bureau of Investigation and the Internal Revenue Service. The case is being prosecuted by Assistant United States Attorney Terry A. Zitek.

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