Developer Robert Matthews was sentenced to 65 months in prison Monday for crimes tied to a West Palm Beach hotel redevelopment fundraising scheme that defrauded investors and financial institutions of tens of millions of dollars.
Matthews, 65, pleaded guilty in 2019 to charges that he misled investors about the redevelopment of The Palm House Hotel and used investor funds to pay off credit card debt and purchase properties in Connecticut. 
Matthews, who maintains residences in Florida and Connecticut, used an intermediary company to raise money for the hotel redevelopment from foreign investors looking to take advantage of the EB-5 visa program, which allows foreign nationals…