ORLANDO, Fla. - She’s a former model and a single mother who had successfully started a construction and design business from scratch. Within a few years she was landing jobs with some of the biggest companies in Central Florida.
She drove high-end cars and lived in a luxurious high-rise condominium in downtown Orlando. Her daughter was able to attend private schools.
Her success was due in part to her investors who would generously help her secure bid bonds for multi-million dollar projects. In return for their generosity, when she secured the project she would pay them back handsomely. The return on their loan would come back double and sometimes even higher.
The truth is, Tina Louise Mangiardi, the one-time President of TLM Design and Construction, Inc. could be spending years in federal prison. Mangiardi pleaded guilty to one count of mail fraud and wire fraud in a plea arrangement with the U.S. Attorney’s Office, Middle District of Florida.
In total, federal investigators said they have heard from at least 40 victims of the scheme who were sold on the pitch that she needed bid-bond money to secure projects with Disney, Darden and most recently Florida Hospital.
Representatives at Disney and Florida Hospital said they never heard of Mangiardi. Darden Restaurants said TLM did a small remodeling job for them on a support facility back in 2009, but has never bid on a contract big enough to require bond money upfront...
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