When Investors Demanded Their Money, Eric Brauss Disappeared. Now: The Indictment!
|How can authorities not find this guy?|
At the time, his attorney, Larry Friedman, said it was nothing: "The plaintiffs cannot support the allegations in that lawsuit." But Brauss never came back. And, now, this: United States v. Eric Brauss, a federal jury indictment out of Sherman, which you can read in full on the other side. Long story short: The feds allege that in '07 and '08, Brauss defrauded investors out of more than $2 million in an Albuquerque retail development and close to $6 million in something called Parkwood Crossing in Fort Worth.
The indictment contains excerpts from memos and letters Brauss sent to investors telling them: All's well. Only, it wasn't: The feds say that Brauss diverted the money elsewhere -- though where, precisely, it does not say. Only: "expenditures unrelated."