Archives For Lawrence Foster

Lawrence Foster, 50, Miami Beach, Florida, was sentenced to 152 months’ imprisonment for conspiring to commit wire fraud and committing substantive counts of wire fraud, and was ordered to pay over $8 million in restitution.  The Court also ordered the forfeiture of over $1 million that was seized by federal law enforcement.

Foster was convicted of all counts after a jury trial for his role in defrauding over 100 investors of over $8 million dollars.  Foster fraudulently promised investors that his company, Paradise is Mine, was developing land in the Bahamas. Continue Reading…