The father and son developers of a sprawling Mesa sports park that went bankrupt pleaded guilty to defrauding investors. https://t.co/zuN2NBiFN7
Former NYPD officer and accident victim call center owner both plead guilty to bribery scheme @HSINewYork @NewYorkFBI https://t.co/Yov2UhPubK
Father And Son Plead Guilty To $284M Fraud For Massive Sports Complex https://t.co/Fl2EfBEEk7
The co-founders of Fortress Real Developments, Jawad Rathore and Vince Petrozza, have been found guilty of defrauding investors, including unsophisticated and elderly individuals, out of approximately $400 million. The fraud involved a sprawling sports complex project in Mesa, known as Legacy Park, which ultimately went bankrupt. The developers pleaded guilty to federal charges related to the scheme. The case had been ongoing since at least 2015, when concerns about the developers were first raised publicly. The verdict marks the culmination of a lengthy legal process addressing the alleged fraud and investor losses.
