The swamp doesn’t just live in Washington—it runs through Wall Street, global finance, and luxury real estate. But one Trump-era promise just struck another major blow.
Roberto Gustavo Cortes Ripalda, a globe-trotting investment mogul once surrounded by yachts, elite dinners, and million-dollar real estate pitches, is now behind bars for the next decade. The flashy former CEO of Biscayne Capital finally had his empire collapse in a federal courtroom.
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Cortes was sentenced to 10 years in federal prison after masterminding a jaw-dropping international Ponzi scheme that wiped out over $155 million in savings from more than 110 victims—including people he personally knew.
The Justice Department under Donald Trump had vowed to take down elite financial criminals who prey on hardworking Americans. This conviction proves they meant business.
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