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Updated: 09/01/2017 03:28:58PM

Sarasota man with North Port ties facing federal indictment

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A Sarasota man turned himself in to federal authorities in Tampa on Wednesday after being indicted in a ponzi scheme in which it’s alleged he stole millions of dollars using his North Port-based investment firm.

Gaeton Della Penna, 61, is facing eight counts of wire fraud and 10 counts of mail fraud in connection with his alleged scheme, according to a Securities Exchange Commission report.

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