Sergio Pino, a well-known Miami developer, died on Tuesday, July 16, 2024. He was 67 years old. His death was reported as an apparent suicide. The tragic incident occurred when FBI agents searched his Coral Gables home. They were investigating threats against his estranged wife.
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Who was Sergio Pino?
Sergio Pino was an important figure in Miami-Dade’s business community. He was known for his work in real estate and philanthropy. Pino founded Century Homebuilders Group in the mid-1990s. The company became the largest Hispanic-owned homebuilder in the US, building more than 16,000 homes in South Florida. He was passionate about his work and loved building communities.
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Early life and career beginnings
Pino was born in Havana, Cuba in 1956. When he was 12, he fled with his family to the United States. They moved to a small apartment in Miami. Pino worked at a laundromat, helping his mother press shirts and clean welcome mats. His father, who owned a grocery store in Cuba, worked as a plumber for $1.35 an hour.
Pino graduated from Miami Senior High School in 1975. He then enrolled at Miami-Dade Community College, where he hoped to become an architect. Instead, he borrowed $6,000 from his father to open a plumbing store in Hialeah in 1977. The business, called Century Plumbing, quickly became a success. Today, it operates under the name Century Wholesale, serving South Florida, the Caribbean, and Central and South America.
Growth in the construction industry
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In 1989, Pino became the president of the Latin Builders Association, an important construction group in Coral Gables. He led the association for three years. In 1997, he founded Century Partners Group, a real estate holding company. This company developed single-family homes in Miami-Dade and Broward counties.
Pino’s influence in the community grew. In 2003, he joined the board of directors of Florida International University. He announced a $2 million endowment for the Eugenio Pino and Family Global Entrepreneurship Center, named for his father.
Political influence and philanthropy
Pino was also active in politics. He was a strong supporter of the Republican Party. He donated significant amounts of money to local, state, and federal candidates. Pino was a friend of former Florida Governor Jeb Bush and a supporter of former President George W. Bush. In 2004, he donated a building in Miami for George W. Bush’s re-election campaign headquarters.
Legal troubles and investigations
Pino has faced investigations from law enforcement agencies over the past several years. However, he has never been charged with a crime related to his home-building business or political activities. In 2002, a report criticized Pino and his partners for earning $14.6 million from an airport contract without doing any work. Pino denied any wrongdoing and left the business when the contract expired in 2005.
In 2006, a federal grand jury investigated allegations that Pino invited Miami-Dade Commissioner Jose “Pepe” Diaz to visit Cancun in exchange for support on a project. No charges were filed against anyone.
Banking ventures and challenges
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Pino co-founded US Century Bank with the aim of creating the largest Hispanic bank in Miami. The bank was initially successful, but by 2011 it was struggling. It faced a federal enforcement order due to concerns about financing and insider lending. Pino resigned from the bank’s board to focus on his real estate business.
Community Leadership During a Pandemic
During the COVID-19 pandemic, Pino took a leading role in advocating for safety. He urged the construction industry to shut down sites to prevent outbreaks. He was the first developer in Miami-Dade to halt work on a $100 million project after two workers tested positive for the virus. Pino believed construction was not an essential business and that the industry could handle a short shutdown.
Investigation leading to death
Pino’s death came a few weeks after the FBI raided his home. They were investigating a possible connection to an attack on his estranged wife Tatiana Pino and her sister. Four people were arrested, including one of Pino’s household staff. Pino denied any involvement in the incidents. His lawyer, Sam Rabin, expressed confidence that he could defend the investigation’s charges.
personal life
Pino was married twice and had four children. He married Tatiana Pino in 1992 and together they raised two daughters. Tatiana filed for divorce in April 2022. Divorce proceedings were ongoing at the time of Pino’s death. Both parties alleged threats against each other during the case.
The death of Sergio Pino is a sad end to the life of a man who made a significant impact on the development and community of Miami. Despite his legal troubles and recent FBI investigation, Pino’s contributions to building communities and his philanthropic efforts will be remembered.
Source: https://hmiendongsaigon.edu.vn
Category: News