Florida Arrests and Sentences Two Elder Fraud Defendants in 48 Hours

The Florida Office of Financial Regulation announced the arrest of Anthony Michael Hernandez for allegedly defrauding 300 elderly victims of $1.6 million, followed by the sentencing of Konstantinos Konstantinou to four years in prison for a separate scheme that stole $707,000 from an elderly couple. The two enforcement actions occurred within 48 hours of each other.

The back-to-back cases signal intensified enforcement against financial exploitation of seniors, a crime that disproportionately affects retirees on fixed incomes.

Financial advisors, bank employees, and family members of elderly investors should be alert to the warning signs of investment fraud—unsolicited offers, guaranteed returns, and pressure to act quickly.