Biscayne Housing Group co-founders Michael Cox and Gonzalo DeRamon pleaded guilty Monday to conspiracy charges. Two principals in the Carlisle Development Group, former CEO Matthew Greer and co-founder Lloyd Boggio, are scheduled to plead guilty later this week.
B&K Construction Services President Michael Runyan also pleaded guilty to a conspiracy charge Monday.
Federal prosecutors say the men and others stole $36 million in federal housing subsidies by inflating construction costs and taking kickbacks. Most of the projects were in inner-city Miami-area neighborhoods, including Overtown, Brownsville and Little Haiti.