One of Florida's biggest Ponzi schemes sees $80 million lost, hundreds impacted

Charismatic, wildly successful and spouting investment jargon like a pro. That’s how federal agents and victims of a Sarasota-based Ponzi scheme describe the man at the center of one of the IRS’s biggest fraud cases of 2022. The FBI said Michael DaCorta convinced investors his company, Oasis International Group based in Sarasota, was reaping huge profits through foreign exchange trading. DaCorta appeared to have the Midas touch. He owned two mansions in Lakewood Ranch, drove exotic vehicles, and chartered private jets for luxury vacations in Europe and the Cayman Islands.