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Plano Texas Man Sentenced to 210 Months in Federal Prison for Phony Walt Disney Development Scam

Plano Texas Man Sentenced to 210 Months in Federal Prison for Phony Walt Disney Development Scam

Plano Texas Man Sentenced to 210 Months in Federal Prison for Phony Walt Disney Development Scam 150 150 Rex Securities Law

September 1, 2015- Sherman, Texas

Thomas W. Lucas, Jr. , 35 of Plano, Texas was sentenced to 210 months in federal prison following his conviction on 7 counts of wire fraud and one count of making a false statement to the FBI. FBI Press Release.

Lucas operated a scheme from 2006-2010 that defrauded 280 investors out of over $20 million. Investors were led to believe that Lucas had inside information regarding a Walt Disney resort and theme park planned for North Texas.

In addition, Lucas was ordered to pay over $8 million in restitution.

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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