Former Owner of IMSA Receives 15 Years
Ten years ago, Cone Constructors, with headquarters on Tampa's South Lois Avenue and an office in Miami, had some 300 employees in Hillsborough County and did $60 million in business. The company had done about $323 million in road contracting with Florida over the previous 10 years and was probably one of the 10 largest contractors with DOT, state officials said at the time. The company worked on major projects, including the Veterans Expressway, Polk Parkway and Suncoast Parkway.
"This is a fall from grace unlike any other case I've been involved with," said Assistant U.S. Attorney Anthony Porcelli, who successfully argued for the harshest possible sentence, calling Cone's actions an assault on the bankruptcy system.