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Four Hundred Million Dollar Fraud Verdict | Austin News
A Texas jury just slapped a $399 million judgment on two Dallas businessmen for fraud and breach of contract — a staggering sum that includes $300 million in punitive damages. The case centers on Energy Commissioning Inc., a Georgetown-based firm that loaned the duo $68 million to buy land for a housing project — which later ballooned into a $5 billion “city” dream with canals and skyscrapers. Reality hit hard: the land wasn’t canal-ready, and the businessmen were secretly under SEC investigation while lying about access to billions. The owner of Energy Commissioning lost everything — even…
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