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Colorado Attorney Sentenced for Texas Real Estate Fraud

DENVER-A former Colorado attorney and real estate investment manager has been sentenced to 14 years in federal prison after causing at least 77 investors to lose a total of about $12.3 million. Some Texas properties were involved.

By David Phillips | Updated on January 16, 2013

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.

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