For-profit college owner Alejandro Amor defrauded the federal government out of millions. Now, it’s taking Amor’s $2 million Coral Gables house, his plane and money owed him after a federal court ruling.
Tuesday’s ruling helps finish satisfying the $1.9 million restitution owed by Amor, the owner and president of for-profit college FastTrain.
Amor was sentenced to eight years at a minimum security federal prison camp in Pensacola. He was convicted on 12 counts of government theft and one count of conspiracy for fraudulent activity while running FastTrain, one of the for-profit schools featured in the Miami Herald investigative series Higher Ed Hustle.
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Seizing what was in two credit union accounts, an E-Trade account and proceeds from commercial real estate sales got the government $499,740.97 of the $1.9 million. A second forfeiture filing went after the big money items:
▪ The three-bedroom, three-bathroom, 4,278-square-foot house at 275 Veleros Ct. in Coral Gables’ Cocoplum section. There’s a dock out back on a Lago Monaco waterway. Online Miami-Dade County property records say Amor and wife Dawn bought it for $1,999,000 in 2004, and the valuation for tax purposes is $1,996,623. Court documents say there’s a $628,861.81 mortgage left on the house. So, after sale expenses and the mortgage payoff, the government expects to get $623,981.91 from selling the house.
▪ A 1982 Mooney Aircraft M20K, a single-engine plane.
▪ The principal balance of $20,675 from a loan to Hialeah Gardens company Environmental Processing Systems.
▪ The principal balance of $103,846.74 from a loan to Environmental Processing Systems’ officers.
In addition, FastTrain and Amor owe the government more than $20 million in damages and penalties after a U.S. District Court ruling from last February.