February 20, 2015-Sherman, Texas
The FBI , Dallas Division, announced that Thomas W. Lucas, Jr. , 35, of Plano, Texas, has been found guilty of federal wire fraud violations as well as one count of making a false statement to the FBI.
The jury deliberated for less than an hour before reaching their verdict that Lucas defrauded over 100 investors our of $60 million on a fictional Disney Resort and Theme Park originally called The King Ranch Project and later Frontier Disney DFW.
Lucas faces up to 20 years in federal prison.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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