‘Plans’ for a new Disney theme park in North Texas have resulted in federal fraud charges, millions of lost dollars and jail time

A man in north texas tricked investors into pouring millions of dollars into earth shopping in two counties north of Dallas/Ft. Worth the metroplex. His pitch? It had an inside track with disney and secret knowledge about disneyplans to diversify into lone star state and build your first theme park Southern seaside resort.

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Thomas W. Lucas, Jr. must have gotten his crazy skills as a salesman from his family. Maybe it was in his genes. It is quite plausible; after all, Lucas’ parents were a prominent real estate family in the Dallas, Texas area.

Lucas tells his story to potential investors, telling them he had inside information, thanks to a secret source who tipped him off. disneyplans to develop a Walt disney theme park Resorts at north texas. But Lucas would never identify his so-called “disney insider”, even under oath during an interrogation in court.

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Eventually, after the FBI got involved, Lucas finally told authorities the name of his disney informant: Michael Watson, Sr.

But the name was just another part of Lucas’ deceptive practices; it was the name of a man who had died. Federal authorities said the man Lucas named was a transplant from Louisiana as a result of Hurricane Katrina. Lucas had met him in a rehab center where the two men were being treated.

Lucas invented the story of disneythe plans of lone star state with the aim of tricking investors into pouring millions of dollars into earth shopping in Collin County and Denton County in north texas. What was there for him? The commission of each earth shopping.

Potential investors who were deceived by Lucas’ lies say they paid inflated prices for earth in both Texas counties because they believed – according to Lucas’ account – that the earth would become prime real estate once disney officially announced its intention to develop a disney theme park Resorts at north texas.

They overpaid the earth because they fully intended to overthrow the earth promoters and make a considerable return on their investment. But there would be no such return, and the only one to enjoy it was Thomas Lucas.

According to investors who bought earth in both north texas counties, Lucas was elaborate in his plans to deceive them. He produced dummy artist’s sketches – some forged and some forged, as well as maps of the area, site plans and other “formal” documents. He even named them disneyit’s new north texas-based theme park Station: “Border disney Dallas-fort worth.”

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Credit: The Dallas Morning News

Everything was very believable.

But the announcements of the Walt disney Company never materialized, although rumors that Mickey would establish himself in the lone star state have been circulating since the early 2000s. This may be wishful thinking. Maybe it’s the practice of talking things out.

Either way, a north texas disney Resort has not yet appeared in the Walt disney Companycrystal ball.

Thomas Lucas was the first person to be tried for trying to derive financial gain from these rumours. He was charged and charged with seven counts of wire fraud and one count of making false statements to the FBI about the scam he undertook.

According to prosecutors, over a four-year period, Lucas was able to defraud more than 50 different investors out of nearly $14 million. He defrauded a former plastic surgeon in Dallas, lawyers in Dallas, a wealthy Chinese in Hong Kong and others across the United States.

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Bill Thomas, a man living in the North Dallas area, said he invested over $1 million. Thomas says it was the appearance of the documents that tricked him, saying they looked official. He added that he believed other people were involved in the scam because the “blueprints” he was shown were sophisticated digital architectural plans, and Lucas more than likely had help creating them.

“They definitely sucked me in,” Thomas said.

Thomas Lucas and his uncle Harry “Beau” Thomas held presentations for potential investors. During presentations, no cell phones were allowed. According to court filings, the presentations included a slide show of sketches and diagrams of the new north texas-based disney theme park Resort.

Investors also saw forged correspondence. The correspondence would have taken place between high-end retailers and disney when there was talk of opening stores in a district called “Les Boutiques du disney.” There was even a fabricated written communication between Southwest Airlines and the Walt disney Company which note Southwest’s intentions to serve the “Frontier disney Airport,” according to court documents.

Lucas made his introductions saying that disneythe official announcement of the news disney theme park in the lone star state was “imminent”.

According to The Dallas Morning NewsLucas’ pitch was detailed and even included a fake flyer:

“The pitch was that investors had to start buying earth near theme park before the announcement. The announcement would increase the value of their earthwhich they could then sell to developers at a big profit.

“‘This will not go down in history but will just repeat it,’ said a prospectus that Thomas Lucas showed investors. ‘In order to see what property values ​​do when disney come to town, we just have to watch disney World in Orlando. We positioned ourselves for a great opportunity by contracting over $200 million of property, “most of which was” adjacent to the main entrance or shared a border with the park.'”

In one case, an investor who believed the claims of Thomas Lucas purchased 100 acres of earth in Denton County for $6.3 million.

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According to court documents, Lucas gave the following information about the all-new Frontier disney Dallas-fort worth theme park Resort:

Insight: Six theme parks, a lake, and a streetcar system near the future Dallas North Tollway extension along the Denton-Collin County line.

Credit: Disney

Phase 1: Condos, high-end boutiques, PGA golf courses, a the water park, and the border disney Airport.

Stages 2 to 4: A Texas version of EPCOT, a TV movie studio complex, a sports complex and an animal park

Projected jobs: 50,000 to 75,000 jobs created

Development costs: Projected at $192 million for residential and $600 million for commercial

Hotels: A high-rise hotel project near the Dallas North Tollway that promised “spectacular views of the park from its upper floors.

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Credit: The Daily Mail

Thomas W. Lucas, Jr. was found guilty of all seven counts of wire fraud and guilty of one count of making false statements to the FBI. He was sentenced by the court to 17 and a half years in prison and ordered to pay $8.4 million in restitution.

Herman C. Harkins