CBS 11 Header TXA 21 Header MeTV Header KRLD Header The Fan Header

Local

Dallas Man Pleads Guilty In Real Estate Fraud Scam

View Comments

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

From Our CBS Music Web Sites

kluvs super 70s weekend voting 1979 dl Dallas Man Pleads Guilty In Real Estate Fraud ScamPick The Best Song From 1979

115245513 8 Dallas Man Pleads Guilty In Real Estate Fraud ScamCrush Of The Day: Mila Kunis

80219448 Dallas Man Pleads Guilty In Real Estate Fraud ScamViral Video: Hilarious Southwest Safety Announcement

155742164 Dallas Man Pleads Guilty In Real Estate Fraud ScamPick Your Favorite Victoria Secret Model

Featured Items

Fantasy_tileHottest Olympians

pet_tileYour Pet Photos

weather_tileSend Us Your Weather Photos

PLANO (AP) - A Dallas man faces up to five years in prison in a $17 million real estate fraud case that featured promotions on North Texas radio stations.

Prosecutors say 41-year-old Jeffrey Brown on Thursday pleaded guilty in Plano to conspiracy to defraud more than 80 investors.

No sentencing date has been set for Brown, who from 2006 through 2010 controlled a company called Quadwealth.

Investigators say Quadwealth falsely marketed itself, in advertisements on several radio stations, as a financial planning and wealth management group in which members had the potential to double their money in a year.

Prosecutors say Brown and others instead used the investment funds to pay for their personal expenses.

(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

View Comments