A Ponte Vedra Beach man has been indicted on wire fraud after multiple cases of fraudulent investments, according to federal prosecutors.

A 63-year-old Ponte Vedra Beach man has been indicted on multiple wire fraud charges after federal investigators uncovered cases of fraudulent investments valued together in the millions of dollars, according to the U.S. Attorney's Office.

The unsealed indictment against Robert H. Hendricks, listed as head of Crown Commercial Real Estate in Ponte Vedra Beach, contains 12 counts of wire fraud. If convicted, Hendricks faces up to 20 years in federal prison on each count, the U.S. Attorney's Office said. The indictment also states that he must pay a money judgment of at least $2.6 million to the federal government as the proceeds of the charged criminal conduct.

According to the indictment, Hendricks asked friends and clients to invest in fraudulent and sham investments in property and commercial business ventures. He also provided falsified property documents that represented the purported investments to convince the victims.