Restaurateur Pleads Guilty to Wire Fraud | Jacksonville News

George Floyd, the restaurateur behind the popular Avondale hotspot Josephine, has pleaded guilty to wire fraud for siphoning nearly a million dollars from the business—money he used for personal expenses and failed investments. Despite repaying over half a million before being caught, the total loss to the business and investors exceeded $1.3 million, with more than $1.1 million unrecoverable. Floyd deceived investors by hiding merchant cash advances and promising returns that never came, even convincing them to fund a second restaurant that never opened. Now, as part of his plea deal, he must repay everyone affected—including the restaurant and investors—from both ventures. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/351d43bb1b047147