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Cases / Real estate

Kenneth Alfred Scudder

ReportedMar 12, 2012
LocationThe Woodlands, TX
Amount$11,000,000

This entry summarizes public reporting and government filings. Charges and civil complaints are allegations unless a court has entered a conviction or judgment — check the source for the current status.

Industry
Real estate and business investments (properties and a Taco Bell franchise)
How investors were recruited
About 45 investors shown fabricated ownership documents and real property addresses
Pitch & red flags
Investors told they would receive "50 percent ownership in the sale of the properties or...50 percent of the rent"; claimed to own properties and a Taco Bell franchise he did not own

Pitch phrases from this case

Source

U.S. Department of Justice official

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