Seminole man arrested in Ponzi scheme - WFLA News Channel 8

Seminole man arrested in Ponzi scheme

Posted: Updated:
Mug shot of David George Dreslin Mug shot of David George Dreslin
HERNANDO COUNTY, FL (WFLA) - David Dreslin lives in the exclusive enclave of Botanica just off of 102nd Avenue in Seminole.  His home is appraised at almost half a million dollars. 

Florida Department of Law Enforcement investigators say since 2010, he has run a Ponzi scheme, duping people into buying shares of real estate development projects that in some cases, he didn't even own. 

They say he promised big returns in a short period of time, but instead, pocketed the cash or used it to pay other investors. 

"It's a big case in any way you look at it," said FDLE Special Agent Rick Taveres.  "He was lying to these individuals, telling them that these projects were gonna be done and they were never come to fruition."

Investigators say David Dreslin crafted and worked his scheme from the Seminole Office Center just a few miles from his house with a company name of Dreslin Financial Services.  On its web site,  the company motto is "accuracy, integrity, personal service”.

Investigators say Dreslin's victims liquidated their retirement accounts, cashed out equity in their home, and some lost their entire life savings. 

"It's always sad to hear there's always individuals out there looking for an opportunity to scam our citizens.   And in many cases, taking their life savings away," said Taveras.

Dreslin was booked into the Pinellas County Jail on a $920,000 bond. The investigation is ongoing and there may be additional arrests.

Get weather on the go! Download WeatherMax today. It’s FREE. http://8.wfla.com/1etbepy



  • 8 On Your SideMore>>

  • Bradenton apartment complex to be repaired after 8 On Your Side report

    Bradenton apartment complex to be repaired after 8 On Your Side report

    Friday, August 22 2014 4:47 PM EDT2014-08-22 20:47:05 GMT
    Last week, 8 on your side showed you some of the dilapidated conditions inside some units at the Townhouse Park Apartments in Bradenton.Tenants were having problems with mold and rodents.There was also water damage.
    Last week, 8 on your side showed you some of the dilapidated conditions inside some units at the Townhouse Park Apartments in Bradenton.Tenants were having problems with mold and rodents.There was also water damage.
  • 2.2 million bean bag chairs recalled after deaths

    2.2 million bean bag chairs recalled after deaths

    Friday, August 22 2014 11:01 AM EDT2014-08-22 15:01:24 GMT
    About 2.2 million bean bag chairs are being recalled after two children opened them, crawled inside and suffocated to death. CPSC photoAbout 2.2 million bean bag chairs are being recalled after two children opened them, crawled inside and suffocated to death. CPSC photo
    About 2.2 million bean bag chairs are being recalled after two children opened them, crawled inside and suffocated to death.
    About 2.2 million bean bag chairs are being recalled after two children opened them, crawled inside and suffocated to death.
  • TPD claims training stories fell short

    TPD claims training stories fell short

    Thursday, August 21 2014 5:12 PM EDT2014-08-21 21:12:02 GMT
    The Tampa police department is responding to an 8 On Your Side investigation into a January shooting.The police contend the reports were incomplete and contained errors.The stories focused on a January 9th police shooting in Tampa and the lack of crisis intervention team training at T.P.D.
    The Tampa police department is responding to an 8 On Your Side investigation into a January shooting.The police contend the reports were incomplete and contained errors.The stories focused on a January 9th police shooting in Tampa and the lack of crisis intervention team training at T.P.D.
  • NewsMore>>

  • Crash closes I-75 NB in Manatee County

    Crash closes I-75 NB in Manatee County

    Friday, August 22 2014 5:39 PM EDT2014-08-22 21:39:17 GMT
    Deadly crash in Manatee County.Deadly crash in Manatee County.
    There is a deadly accident on Northbound I-75 in Manatee County right now.The crash involves a tanker truck and multiple other vehicles. All Northbound lanes on I-75 near Ellenton are closed right now,
    There is a deadly accident on Northbound I-75 in Manatee County right now.The crash involves a tanker truck and multiple other vehicles. All Northbound lanes on I-75 near Ellenton are closed right now,
  • Manatee school cleavage controversy?

    Manatee school cleavage controversy?

    Friday, August 22 2014 5:31 PM EDT2014-08-22 21:31:14 GMT
    A Braden River High School students says she was called out for a "wardrobe malfunction" in front of her classmates.A Braden River High School students says she was called out for a "wardrobe malfunction" in front of her classmates.
    What's causing all the controversy with this photo? A Braden River High School student says she was humiliated, embarrassed, and horrified on the first day of school after she was called out for a "wardrobe malfunction" in front of her classmates.
    What's causing all the controversy with this photo? A Braden River High School student says she was humiliated, embarrassed, and horrified on the first day of school after she was called out for a "wardrobe malfunction" in front of her classmates.
  • Hernando Sheriff's office has new K-9 deputy

    Hernando Sheriff's office has new K-9 deputy

    Friday, August 22 2014 5:02 PM EDT2014-08-22 21:02:07 GMT
    Hernando County Sheriff Al Nienhuisannounced Friday that the Hernando County Sheriff's Office has a brand new deputy."K-9 Justice" is a 14-month old German Shepherd and will be joining the K-9 unit. Corporal Stephen Miller, K-9 Unit Supervisor, will be his handler.
    Hernando County Sheriff Al Nienhuisannounced Friday that the Hernando County Sheriff's Office has a brand new deputy."K-9 Justice" is a 14-month old German Shepherd and will be joining the K-9 unit. Corporal Stephen Miller, K-9 Unit Supervisor, will be his handler.
  • Sign up for WFLA News Channel 8 Email Alerts

    * denotes required fields






    Thank you for signing up! You will receive a confirmation email shortly.
Powered by WorldNow

200 South Parker Street, Tampa, FL 33606

Telephone: 813.228.8888
Fax: 813.225.2770
Email: news@wfla.com

Can’t find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.