Sports Park Promoters Charged With $280 Million Bond Fraud (1)

April 1, 2025, 8:01 PM UTC

A former minor-league baseball player and his father were charged with fraud over the failure of an Arizona sports complex that cost municipal bondholders more than $280 million.

Randy Miller, 70, and Chad Miller, 41, were accused in an indictment unsealed Tuesday in New York of forging documents and misrepresenting interest from professional sports teams to draw investors, including Vanguard Group Inc, AllianceBernstein Holding LP and Macquarie Group’s Delaware Funds, to their Legacy Park development in Mesa, Arizona.

Manhattan federal prosecutors claim the Millers used fabricated letters of intent and fake pre-contracts to claim that various organizations ...

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