DENVER—Former Colorado attorney and real estate investment manager Thomas B. Evans was sentenced Tuesday to 14 years in federal prison for mail and wire fraud that caused at least 77 investors to lose a total of about $12.3 million. The fraud involved investments in Texas apartment complexes, including some Dallas-area properties.
U.S. District Judge Christine M. Arguello sentenced Evans to 168 months behind bars, the maximum advised amount for his crimes, as well as five year probation, the maximum time for court supervision after his release. He was ordered to pay $12.3 million in restitution, according to the Denver Business Journal.
The judge called Evans “a disgrace to the legal profession” who made “no attempt to pay back his victims ... Somewhere along the way, your moral compass was somehow compromised.”
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
