UPDATE: Charges against Michele Defosse were dropped on June 4, 2014.
LARGO — Officers arrested a 41-year-old woman Tuesday who is accused of spending $100,000 on personal items when the money was supposed to be invested in her entertainment company, police said.
Michele Defosse of Pinellas Park faces charges of scheming to defraud, communications fraud and grand theft.
According to arrest affidavits, Defosse convinced a man in April 2013 to invest $100,000 in her local entertainment management company, 2 Man Army Entertainment, for a proposed music tour.
Defosse "promised that she would not spend his money, and even went as far as to obtain an insurance policy," an affidavit states. "In reality, the specific policy she obtained did not provide any guarantee to the victim."
Between April and June 2013, Defosse spent all of the victim's money on personal expenses, including dining, clothing, groceries, court fines and a car, police said.
During an interview with detectives, Defosse said she was planning to receive $200,000 from another potential victim. That person was notified by police.
Defosse was booked into the Pinellas County jail, where she remained Wednesday in lieu of $105,000 bail.