JACKSONVILLE, Fla., Aug. 30 -- The U.S. Department of Justice's Federal Bureau of Investigation Jacksonville Field Office issued the following press release:
Jacksonville, Florida -George Joshua Floyd (45, Jacksonville) has pleaded guilty to wire fraud. He faces a maximum penalty of 20 years in federal prison. Floyd has agreed to forfeit $1,159,596.26, the proceeds of the scheme to defraud that he personally obtained. He also agreed to make full restitution to the victims of his offense conduct. United States AttorneyGregory W. Kehoe made the announcement.
According to the plea agreement, beginning in April 2022, Floyd raised approximately $1.44 million from investors for a new restaurant he planned to open in Jacksonville, making various...