Angelo Cappelli is accused of theft from the estate of a deceased bank client.
ST. PETERSBURG - Less than a year ago Angelo Cappelli was a hot newcomer on the local political scene, building key allies in his race for House District 52.
Cappelli narrowly lost the election, but his fundraising prowess, Ivy League pedigree and well-established banking job with SunTrust solidified his future with the local Republican Party.
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After a six-week investigation, police arrested Cappelli on Wednesday morning at his lawyer's office on Central Avenue. He faces grand theft and perjury charges, according to St. Petersburg authorities.
Cappelli, 37, is accused of stealing more than $100,000 from the trust of a deceased bank client. By Wednesday evening, Cappelli was out of jail on $55,000 bail. He could not be reached for comment......
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