A man in duped investors into pouring millions of dollars into purchases in two counties north of the Dallas/Ft. Worth metroplex. His pitch? He had an inside track with and secret knowledge about ‘s plans to branch out into the and build its first Resort in the South.
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Thomas W. Lucas, Jr. must have gotten his mad skills as a salesman from his family. Perhaps it was in his genes. It’s completely plausible; after all, Lucas’s relatives made up a prominent real estate family in the Dallas, Texas area.
Lucas pitch his story to would-be investors, telling them that he had inside information, thanks to a secret source who tipped him off about ‘s plans to develop a Resort in . But Lucas never would identify his so-called “ insider,” even while under oath during questioning in court.
Credit: The Daily Mail
Eventually, after the FBI got involved, Lucas finally told authorities the name of his informant: Michael Watson, Sr.
But the name was just another part of Lucas’s deceptive practices; it was the name of a man who was deceased. Federal authorities said that the man Lucas named was a transplant from Louisiana in the wake of Hurricane Katrina. Lucas had met him in a drug rehab facility where both men were being treated.
Lucas fabricated the story about ‘s plans in the in an effort to dupe investors…
