Democratic gubernatorial candidate David Jolly moved this week to address his past business and political relationship with Clearwater financier Leo Govoni. Federal prosecutors allege Govoni and accountant John Witeck stole more than $100 million from a nonprofit that managed trust funds for people with disabilities and other special needs. The indictment alleges the scheme operated from 2009 through 2025 and involved fraudulent account statements and transfers through Govoni-controlled companies. Govoni and Witeck have been charged. Jolly is not a defendant in the case.

Jolly previously worked as a vice president at Boston Finance Group, a Govoni-controlled company, before entering Congress. Govoni also supported Jolly's past political campaigns and served as a finance co-chairman during Jolly's unsuccessful 2016 U.S. Senate campaign. Donalds supporters have circulated opposition research emphasizing those connections, noting that Jolly and his wife worked for Govoni-linked companies, Govoni raised money for Jolly's campaigns, and Jolly later employed Govoni's son in Congress. In a campaign video, Jolly said he had no knowledge of the alleged theft and welcomed scrutiny of his record. Jolly said that unlike too many politicians today who hide behind lawyers or refuse to answer questions, he is an open book because when you have done nothing wrong, you have nothing to hide.