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Wife Of Imprisoned Builder Gets Prison In Fraud Case
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Published: June 20, 2008
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TAMPA – The wife of a man serving a 15-year prison sentence for bankruptcy fraud also will serve time behind bars.
Joanne Cone was sentenced this morning to one year and one day in prison. She pleaded guilty in October to conspiring in her husband's bankruptcy fraud scheme.
Michael Cone, 51, is serving a 15-year federal prison sentence consecutive to a five-year state prison sentence for participating in an organized scheme to defraud the state Department of Transportation.
Ten years ago, Cone Constructors, with headquarters on Tampa's South Lois Avenue and an office in Miami, had some 300 employees in Hillsborough County and did $60 million in business. The company had done about $323 million in road contracting with Florida the previous 10 years and probably was one of the 10 largest contractors with DOT, state officials said at the time.
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