T. Lucas Jr., 35, has been sentenced to federal prison after he defrauded
investors in the Eastern District of Texas, said U.S. Attorney John M.
Bales on Sep. 1.
On Feb. 13, Lucas was convicted of on one count of making a false statement
to the FBI and seven counts of wire fraud. U.S. District Judge Amos Mazzant
sentenced him to 2010 months in federal prison.
Between 2006 and 2010, Lucas masterminded and executed an elaborate scheme
to defraud over 250 investors out of about $20 million by convincing them
that he had insider information about a Walt Disney theme park and resort
that was going to be built in North Texas.
Lucas’ scheme targeted two types of investors – those who purchased
land near the property and those who invested in options to purchase land
near the fictional Walt Disney property.
Sixty-five investors who invested in options to purchase land lost all
of the money that they invested, which was a little more than $8 million,
they also didn’t receive any interest in the land.
Lucas said that the Disney Resort and Theme Park was initially going to
be called, “The King Ranch Project,” but in 2007 that changed
to “Frontier Disney DFW,” both of which were fabricated by Lucas.
Disney witnesses testified at trial that the information that Lucas presented
to investors was false and that Disney never had any plans for opening
a resort and theme park in the North Texas area.
Lucas raked in about $450,000 in commissions and fees from the various
land deals closed on the false and fraudulent Disney information. When
the FBI confronted Lucas about his scheme, he blamed the Disney information
on a man he met at a methadone clinic, who has since died.
On Set. 11, 2013, Lucas was indicted by a federal grand jury and he was
ordered to pay $8,456,360 restitution to investors.
Lucas was investigated by the FBI and prosecuted by Assistant U.S. Attorneys
J. Andrew Williams and Christopher Eason.
Facing federal charges? Contact
The Zendeh Del Law Firm to schedule a case evaluation with a Plano criminal defense lawyer who
is admitted to the federal courts!