Homebuilder / Alleged Indoor Pot Farm Financier Charged With Mortgage Fraud, Money Laundering

In Port St. Lucie, Florida, the Palm Beach Post reports:

• The patriarch of the family whose Port St. Lucie home building company allegedly financed, setup and maintained a sprawling network of marijuana grow houses was arrested Tuesday, records show. Jose Raul Cepero, 69, a Cuban native who founded Global Home Builders Inc., after two stints in prison during the 1980s and 1990s on drug charges, was arrested Tuesday on warrants for money laundering and mortgage fraud. He is being held at the St. Lucie County Jail in lieu of $1.1 million bail.

• Investigators say Global Home Builders Inc. laundered drug profits and helped its pot growers obtain fraudulent mortgages to buy houses, which company employees would outfit with elaborate indoor gardens, shuttling supplies between Home Depot and the grow houses in trucks bearing the company logo.

For more, see Homebuilder charged with money laundering and mortgage fraud.

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