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TexasTowelie

(112,195 posts)
Fri Oct 13, 2017, 07:05 PM Oct 2017

Second Dallas businessman headed to prison for land-flipping fraud on Interstate 35

A second Dallas real estate man was sentenced Friday to federal prison for a land-flipping scheme using inside help from the Texas Department of Transportation to profit from selling tracts along Interstate 35E .

Kevin Bollman, 49, will spend 15 months in prison under an agreement with the U.S. attorney's office for defrauding TxDOT out of $12.9 million.

Bollman also was ordered to pay $1.5 million in restitution to TxDOT.

Last month, Bollman's partner in the Denton County land deals, Wade Blackburn, 35, was sentenced to one year and one day in prison and ordered to pay $1 million in restitution.

Read more: https://www.dallasnews.com/news/crime/2017/10/13/second-dallas-businessman-headed-prison-land-flipping-fraud-interstate-35

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