Thomas Aaron Signorelli, a resident of West Palm Beach, Florida, has pleaded guilty in a federal court to multiple charges including bank fraud, wire fraud, conspiracy to commit wire fraud, theft of government property, destruction of records, and conspiracy to launder money. The plea was entered following an information charge filed on September 19, 2024.

Signorelli admitted that from January 2021 to December 2023, he falsely claimed through his company WS Capital that he could raise funds and secure investments for individuals and entities. Instead of fulfilling these promises, he used the funds for personal expenses and to repay other victims.

Among the fraudulent schemes was one involving David Scott Cacchione as a co-conspirator. Together they convinced investors their money would purchase non-existent accounts receivables. Signorelli also conspired with a Florida attorney to launder proceeds through the attorney’s client trust account.

In December 2021, Signorelli offered to use WS Capital accounts to launder supposed drug trafficking proceeds but instead stole $150,000 provided by an undercover agent. He also submitted false applications for loans from the Small Business Administration (SBA) on behalf of a Napa real estate venture.

In August 2022, upon learning that the FBI had obtained a warrant for his mobile phone search, Signorelli deleted communications from his device before surrendering it.

The announcement came from United States Attorney Ismail J. Ramsey alongside officials from the FBI and IRS-CI. Signorelli remains free on a $200,000 bond pending sentencing scheduled for March 24, 2025. His co-conspirator Cacchione received a 40-month prison sentence after pleading guilty earlier this year.

Assistant U.S. Attorney Garth Hire is handling the prosecution with support from investigations by several agencies including the FBI and SBA OIG.