Texas man gets 17 years in prison in fake Disney park scam

By The Associated Press | Posted - Sep. 2, 2015 at 6:40 a.m.



This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

SHERMAN, Texas (AP) — A man has been sentenced to 17 ½ years in prison for swindling investors with a fake story about a Walt Disney theme park in North Texas.

The judge also ordered Thomas W. Lucas Jr. of Plano to pay $8.4 million in restitution Tuesday.

Lucas was convicted on seven counts of wire fraud and one count of making false statements to the FBI.

Prosecutors say Lucas defrauded more than 280 investors out of about $20 million from 2006 to 2010. Those who paid for land in Collin and Denton counties were told it was on the edges of the future park. Investors hoped to sell the land to developers for a profit after Disney made an announcement.

The Walt Disney Co. has denied rumors of a North Texas theme park.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

The Associated Press

    SIGN UP FOR THE KSL.COM NEWSLETTER

    Catch up on the top news and features from KSL.com, sent weekly.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast