UPDATE: FBI Confirms Suicide Of Prominent South Florida Developer Amid Raid

Update: 7/16 3p

FBI Special Agent in Charge Jeffrey Veltri released this statement:

This morning, the FBI conducted search and arrest operations at two locations in Miami-Dade County which are connected to an ongoing murder for hire investigation initiated in the Fall of 2023.

The first operation was at 9720 Bel Aire Drive in Miami. The subject was arrested without incident and a search of that location was conducted. No further information about this location will be released at this time.

The second location was at 142 Isla Dorada Blvd in Coral Gables where the subject, Sergio Pino, was discovered by the FBI inside the residence deceased from an apparent self-inflicted gunshot wound.

Upon arrival, members of the FBI Miami SWAT team attempted to call out any occupants of the residence. When there was no response, the SWAT team entered the residence and conducted a methodical search to locate the subject. Ultimately, Mr. Pino was discovered alone in an upstairs bedroom.

The ultimate determination of cause of death will come from the medical examiner’s office.

I would like to thank the U.S. Attorney’s Office for the Southern District of Florida for their close cooperation and diligence during this investigation.

Because this is an ongoing investigation, no further information will be released at this time.

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A prominent real estate developer who was embroiled in a nasty divorce is dead during an FBI raid of his Cocoplum mansion.

Sergio Pino's attorney confirms his client died this morning.

It's believed he committed suicide.

This was the second time in just weeks that the home was raided after Pino's wife of more than 30 years accused him of arson, stalking and possibly poisoning her.

While Pino was never charged, four other people tied to the couple had been arrested.