Story perspectives

Executives Charged in $280M Legacy Park Fraud Scheme

4/8/2025

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Summary

Story summary

Three executives, Randy and Chad Miller, and Jeffrey De Laveaga, are charged with defrauding investors of over $280 million related to Legacy Park in Mesa, Arizona.
They allegedly used forged documents and false claims to sell municipal bonds for the sports complex, which opened in 2022 but failed shortly after.
The facility, originally costing nearly $300 million, sold for just $26 million post-bankruptcy, returning under $2.5 million to investors.
This case highlights fraud risks in expanding sports sectors like pickleball and underscores the importance of investor vigilance.

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Story summary

Three executives, Randy and Chad Miller, and Jeffrey De Laveaga, are charged with defrauding investors of over $280 million related to Legacy Park in Mesa, Arizona.
They allegedly used forged documents and false claims to sell municipal bonds for the sports complex, which opened in 2022 but failed shortly after.
The facility, originally costing nearly $300 million, sold for just $26 million post-bankruptcy, returning under $2.5 million to investors.
This case highlights fraud risks in expanding sports sectors like pickleball and underscores the importance of investor vigilance.