FL man pleads guilty in Springfield to massive fraud scheme

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A former Florida man faced a Springfield judge Monday pleading guilty to a $7 million investment fraud scheme.

Massachusetts authorities say John Condo tricked investors into depositing money in amounts ranging from $300,000 to $1 million for fake projects.

All of the projects named including the off-shore accounts mentioned were all lies, according to authorities.

Some of the fraud victims were from Massachusetts.

Condo will be sentenced in June and could face 20 years in prison.

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