logo
Bookkeeper of iconic Florida Keys restaurant defrauded dead owner's estate: officials

Bookkeeper of iconic Florida Keys restaurant defrauded dead owner's estate: officials

Yahoo21-05-2025

A trusted employee over the estate of the deceased owner of an iconic Florida Keys restaurant was charged with defrauding the business in the years since he died.
Susanne Bloy, 71, had been Mike Forster's bookkeeper since 1998. She was put in charge by a family member of Forster to manage his business, Mangrove Mike's Enterprises, when he died at 61 in September 2021. Monroe State Attorney's Office investigators say she swindled more than $50,000 using the company's debit cards.
READ MORE: Mike Forster, former Islamorada mayor and popular Keys restaurateur, dies from COVID
Forster died from complications of COVID-19, a cruel twist to his life as he was overseeing giant charitable operation that began in the days after the Keys were shut down during the pandemic. Through his restaurant, Mangrove Mike's in Islamorada, he mobilized an ambitious effort to feed the bartenders, servers, cooks, bussers and other service industry staff put out of work because of a blockade set up at the 18 Mile Stretch in an effort to stop the spread of COVID in the archipelago.
What began locally grew to a larger endeavor of creating a nonprofit to feed those in need up and down the 120-mile island chain, which was starved of its lifeblood tourism.
'This case deeply impacts the Upper Keys,' Monroe County State Attorney Dennis Ward said in a statement. 'Mike Forster dedicated his life to public service and generosity. During the darkest days of COVID, his restaurant kept people fed and connected. To discover that someone he trusted is accused of stealing from his legacy is absolutely unacceptable.'
According to prosecutors, Forster's niece, who took over the restaurant, began noticing recurring Apple.com charges earlier this year that had no connection to the operations of the business.
Senior Investigator Roy Bogue found that from February 2022 through September 2023, Bloy used company debit cards to make repeated purchases through a casino gaming app, said State Attorney's Office spokesman Steven Torrence. The app was linked to Apple identifications and devices controlled by Bloy, Torrence said.
'Thanks to a subpoena issued to First State Bank and records obtained from Apple and Yahoo, investigators were able to verify that Bloy was responsible for hundreds of in-app purchases charged to the Mangrove Enterprises business account,' Torrence said.
Bogue obtained a search warrant and found Bloy updated the Apple ID account, changed the billing information to her name and then tried to delete the account in the days before the business was transferred to the new owner, Torrence said.
'When someone uses their access and authority to exploit the memory and estate of a community icon, we will hold them accountable,' Chief Assistant State Attorney Joseph Mansfield said in a statement.
Monroe County Sheriff's Office deputies arrested Bloy Saturday on scheming to defraud, which is a first-degree felony. She was released later in the day after posting a $50,000 bond. She could not be reached for comment. Information on her legal representation was not immediately available.
In addition to owning Mangrove Mike's, Forster Forster was a Monroe County commissioner at the time of his death. He also served five terms on the Islamorada Village Council, and was mayor twice.
'This is about protecting the legacy of someone who gave so much to our community,' Ward said. 'We owe it to Mike's family — and to every family in the Keys — to pursue justice with integrity and resolve.'

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Week in Review: Why Anthropic cut access to Windsurf
Week in Review: Why Anthropic cut access to Windsurf

TechCrunch

timean hour ago

  • TechCrunch

Week in Review: Why Anthropic cut access to Windsurf

Welcome back to Week in Review! Got lots for you today, including why Windsurf lost access to Claude, ChatGPT's new features, WWDC 2025, Elon Musk's fight with Donald Trump, and lots more. Have a great weekend! Duh: During an interview at TC Sessions: AI 2025, Anthropic's co-founder had a perfectly reasonable explanation for why the company cut access to Windsurf: 'I think it would be odd for us to be selling Claude to OpenAI,' Chief Science Officer Jared Kaplan said, referring to rumors and reports that OpenAI, its largest competitor, is acquiring the AI coding assistant. Seems like a good reason to me! Everything is the same: Chinese lab DeepSeek released an updated version of its R1 reasoning AI model last week that performs well on a number of math and coding benchmarks. Now some AI researchers are speculating that at least some of the source data it trained on came from Google's Gemini family of AI. WWDC 2025: Apple's annual developers conference starts Monday. Beyond a newly designed operating system, here's what we're expecting to see at this year's event, including a dedicated gaming app and updates to Mac, Watch, TV, and more. This is TechCrunch's Week in Review, where we recap the week's biggest news. Want this delivered as a newsletter to your inbox every Saturday? Sign up here. News Image Credits:Thomas Fuller / SOPA Images / LightRocket / Getty Images Business in the front: ChatGPT is getting new features for business users, including connectors for Dropbox, Box, SharePoint, OneDrive, and Google Drive. This would let ChatGPT look for information across your own services to answer questions. Oh no: Indian grocery delivery startup KiranaPro was hacked, and all of its data was wiped. According to the company, it has 55,000 customers, with 30,000 to 35,000 active buyers across 50 cities, who collectively place 2,000 orders daily. Techcrunch event Save $200+ on your TechCrunch All Stage pass Build smarter. Scale faster. Connect deeper. Join visionaries from Precursor Ventures, NEA, Index Ventures, Underscore VC, and beyond for a day packed with strategies, workshops, and meaningful connections. Save $200+ on your TechCrunch All Stage pass Build smarter. Scale faster. Connect deeper. Join visionaries from Precursor Ventures, NEA, Index Ventures, Underscore VC, and beyond for a day packed with strategies, workshops, and meaningful connections. Boston, MA | REGISTER NOW Artsy people, rejoice! Photoshop is now coming to Android, so users of Google's operating system can gussy up their images, too. The app has a similar set of editing tools as the desktop version, including layering and masking. Let's try that again: Tesla filed new trademark applications for 'Tesla Robotaxi' after previous attempts to trademark the terms 'Robotaxi' and 'Cybercab' failed. Rolling in dough: Tech startup Anduril just picked up a $1 billion investment as part of a new $2.5 billion raise led by Founders Fund, which means Anduril has doubled its valuation to $30.5 billion. On the road again: When Toma's founders realized car dealerships were drowning in missed calls, they hit the road to see the problem firsthand. That summer road trip turned into a $17 million a16z-backed fundraise that helped Toma get its AI phone agents into more than 100 dealerships across the U.S. Fighting season: All gloves were off on Thursday as Elon Musk and President Trump took to their respective social networks to throw jabs at each other. Though it might be exciting to watch rich men squabble in public, the fallout between the world's richest person and a sitting U.S. president promises to have broader implications for the tech industry. Analysis Image Credits:BlackJack3D / Getty Images Money talks: Whether you use AI as a friend, a therapist, or even a girlfriend, chatbots are trained to keep you talking. For Big Tech companies, it's never been more competitive to attract users to their chatbot platforms — and keep them there.

Fund-management veteran skips emotion in investment strategy
Fund-management veteran skips emotion in investment strategy

Yahoo

time2 hours ago

  • Yahoo

Fund-management veteran skips emotion in investment strategy

Fund-management veteran skips emotion in investment strategy originally appeared on TheStreet. This article is based on TheStreet's Stock & Markets Podcast, Episode 8. Hosted by the veteran Wall Street investor Chris Versace, the weekly podcasts are available early to members of TheStreetPro investing club. The podcasts are also available on YouTube. More than 40 years ago Tina Turner famously asked the world: "What's love got to with it?" If the subject is investing, David Miller has a simple answer: not much. 💵💰Don't miss the move: Subscribe to TheStreet's free daily newsletter 💰 Miller, chief investment officer of Catalyst Funds, spoke with Chris Versace, lead portfolio manager for TheStreet Pro Portfolio, in the June 4 edition, episode 8, of TheStreet Stocks & Markets Podcast, to talk about what his firm is looking for in a candidate for investment. "I think the sweet spot is where you have such a good business that even if people hate them they continue to grow and grow with high margins and high EPS growth," he said. Miller cited the billionaire entrepreneur, venture capitalist and political activist Peter Thiel, who advises founders and entrepreneurs to aim for a monopoly and avoid competition. "You're either in perfect competition or you have a monopoly or an oligopoly," he said. "And clearly, anyone who owns a business wants to be in that position where you have a monopoly rather than being in perfect competition."He described how airlines historically haven't even earned their cost of capital and frequently end up going bankrupt. Restaurants, he said, have very high fixed costs and "just never earn outsized economic profits." "Whereas you look at a company like a Visa () or Mastercard () or a Microsoft or an Apple or an Adobe () or an Nvidia," () Miller said. "Phenomenal businesses, phenomenal margins, great tailwinds, really strong free cash flows." So why invest in companies that aren't monopolies when many of the best returning stocks in history have turned into monopolies? "[Frankly,] you don't have to try to pick which stock is going to be the best stock," Miller said. "You can just take these categories that are far superior businesses and invest in those. That's the ideology behind that fund and why we launched it." Miller pointed to Apple () , explaining that "once you're in the Apple ecosystem, they own you." More Wall Street Analysts: Wells Fargo analysts reboot stock price targets after Fed action Apple analyst raises alarm about earnings, revenue growth Analyst initiates SoFi coverage, mulls loans, growth prospects "You don't have a whole lot of choices and they can get great margins," he said. "As someone who's been trapped in the Apple ecosystem willingly since 2005 I am perfectly content and happy," Versace responded. "I certainly understand why a lot of people love Apple," Miller said. "I have the iPhone. I like Apple and I don't particularly like Microsoft, but I'm definitely a customer of Microsoft. I think the best businesses are those where you'll do business with them even if you don't like them." Miller said Tesla () fits this dynamic, as the electric-vehicle maker "launched a new monopoly or an oligopoly depending on how you look at it certainly from a market share perspective." "Once you decide you're going to get an EV, it's a lot easier to go ahead and buy a Tesla and be part of their ecosystem than it is to ... buy an EV that's not part of that Tesla ecosystem," he added. Tesla shares have been thrashed lately — off 14% in regular trading June 5 — in light of Chief Executive Elon Musk's controversial involvement with the Department of Government Efficiency and backing of President Donald Trump. (The two have fallen out and Musk has rankled the White House by describing what the president called his "big, beautiful" budget bill as pork-laden and a 'disgusting abomination.') And while Tesla stock is down nearly 22% in 2025, it remains up about 60% from a year ago. Miller said the courts provide one of the most telltale signs of a monopoly. "Once the courts start coming after you for being a monopoly, that's a pretty good indication that you have some monopolistic characteristics in your business whether or not you want to admit it," he that historically been the targets of court action for their monopolistic characteristics have been phenomenal investments, he added. "If you look at a company like Microsoft, () if you got into [it when] the courts first came after them pretty hard, you'd be sitting pretty today," he said. Monopolies to avoid include electric and water companies. "If you're in a space where you have a product where your profits are regulated as to how much return on equity you can actually generate, we avoid those because what we want to go for is those that are growing monopolies." And Miller prefers to leave emotion out of the equation. "If people like a product, that's great," he said, "but what I really prefer is that they need the product rather than they like the product, and that there's some growing demand around it."Fund-management veteran skips emotion in investment strategy first appeared on TheStreet on Jun 6, 2025 This story was originally reported by TheStreet on Jun 6, 2025, where it first appeared. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data

An Inside Look At Disney's Affordable Housing Development In Florida
An Inside Look At Disney's Affordable Housing Development In Florida

Yahoo

time2 hours ago

  • Yahoo

An Inside Look At Disney's Affordable Housing Development In Florida

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. If someone asked you to play a word association game using the term "Walt Disney World," your first response might be "Magic Kingdom" or maybe Mickey Mouse. It's a safe bet that "affordable housing" would be way down your list, but the economics of Florida's housing market have forced a paradigm shift. Florida living has become so expensive that Walt Disney World is building an affordable housing community for its employees in Florida. Florida used to be synonymous with affordable housing, but several factors have changed the Sunshine State's housing market. First, a post-COVID influx of new arrivals from Los Angeles and New York with deep pockets caused property prices to spike statewide. If that weren't enough, a home insurance rate crisis and high interest rates have made buying a home in Florida harder than ever before. Don't Miss: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Invest Where It Hurts — And Help Millions Heal: The affordability issue is felt most acutely by workers at the middle to lower end of the wage spectrum. That's historically the economic demographic that staffs Walt Disney World and the company's other Florida attractions. Business Insider reports that despite paying its employees $15 per hour, they still have trouble keeping pace with rising rents and property values. Disney responded by teaming up with a real estate development company, the Michaels Organization, to build a new affordable community on 80 acres of land near the city of Horizon West. According to Business Insider, the community will include 1,400 housing units, and 1,000 of them will be designated as affordable units. Walt Disney World already owns the land, which is about 20 minutes west of the theme park. 'We selected this land because it is part of a thriving community, close to employers, shopping, services, public schools, and areas of rest and recreation. We feel there is no better-positioned community in Central Florida to provide residents the opportunity to start a new chapter of their story,' Disney said in a statement. Trending: If there was a new fund backed by Jeff Bezos offering a ? It sounds like a great deal for Walt Disney World employees, but the plan is not without its detractors. The Horizon West area has experienced rapid population growth and development in the past several years. Area residents are becoming more vocal in expressing their belief that their community can't handle any more development. Orange County District One Commissioner Nicole Wilson has heard those complaints, and Business Insider says she voted against the project last year. Business Insider cites U.S. Census data showing Horizon West's population has grown from 14,000 people in 2010 to 58,000 in 2020. The post-pandemic era brought about another boom, and now 75,000 people live in Horizon West. Area real estate agent Nicole Mickle told Business Insider that the Horizon West real estate market was so hot during the post-pandemic boom that she was selling homes via is constant in real estate, and those changes can be incredibly jarring to local residents when markets get overheated. Naturally, that causes residents to fret that their community is losing the small-town feel that originally attracted them to the area. 'What some want to do is keep the integrity of the community,' Mickle told Business Insider. It looks like they will have to adjust to the new reality. Wilson's "no" vote wasn't enough to stop the project from going forward. Construction is set to begin, and 1,400 new housing units are coming to Horizon West. This may also be a look at the future of real estate development. Attracting employees for regular jobs is becoming increasingly difficult due to the lack of affordable housing. Larger companies may take note of Horizon West and follow suit in other areas. . With over $1 million in dividends paid out last quarter and a growing selection of properties across various markets, Arrived offers an attractive alternative for investors seeking to build a diversified real estate portfolio. In October 2024, Arrived sold The Centennial, achieving a total return of 34.7% (11.2% average annual returns) for investors. Arrived aims to continue delivering similar value across our portfolio through careful market selection, attentive property management, and thoughtful timing in sales. Looking for fractional real estate investment opportunities? The features the latest offerings. Image: Shutterstock This article An Inside Look At Disney's Affordable Housing Development In Florida originally appeared on

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store