Seminole man arrested in Ponzi scheme - WFLA News Channel 8

Seminole man arrested in Ponzi scheme

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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.

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