Diamonds, cash, cars: Port St. Lucie arrests tied to $20M fraud case

Hundreds of people including a blind man in his 70s were defrauded of $20 million to fuel a life of luxury for investment advisers arrested in Port St. Lucie, federal officials allege.

Daryl Gene Bank, 47, of Port St. Lucie and Raeann Gibson, 45, of Palm City, were previously residents of Virginia Beach, prosecutors said.

Charging documents paint a picture of slick pitches for dental franchises and other investments, but allege much of it went to support a “lavish lifestyle” with hefty bank accounts, diamonds, a Land Rover and BMW and properties in Port St. Lucie and North Carolina.

Bank and Gibson were arrested Thursday on charges related to several fraud schemes from 2012 through July of this year, officials said. The pair provided “false and misleading” statements to at least 300 investors, including a blind man who invested $20,000 of his retirement funds, prosecutors said.

The case involves dozens of companies including Dominion Investment Group and Dominion Private Client Group, with offices in Virginia and Port St. Lucie, according to the U.S. Attorney for the eastern district of Virginia, Dana Boente.

Bank faces up to 260 years in prison and Gibson 240 years if convicted. Attempts to seek comment through an attorney were not immediately successful.

Those who believe they may be victims can call the FBI’s Norfolk Field Office at (757)-609-2514. The FBI’s Miami office provided assistance with the arrests.

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