Former Naples resident sentenced for involvement in investment scheme

Konstantinos Konstantinou

A former Naples resident is going to prison for his role in a fraudulent investment scheme against an elderly couple.

After pleading guilty in September, Konstantinos Konstantinou has been sentenced to four years in prison.

He’s also been ordered to pay back more than $707,000 to his victims, and to serve 25 years of probation.

The state’s Office of Financial Regulation, which investigated the scam, announced the outcome in a news release Thursday.

In a statement, Financial Regulation Commissioner Russell Weigel III said his agency would “continue to work tirelessly to bring financial criminals to justice.”

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