Representative photo of pickleball paddles and balls.
AMID Picklaball’s UnprecedenD Rise in the Us and the Increasing Demand for Courts, A New Mulati-Million Dollar SCAM Has Come to the Forefront.
According to the us department of justice, the millers have been charged with one count of conspiracy to commit wire fraud and seconds fraud; One count of seconds fraud; One count of wire fraud; And one count of aggravated identity theft.
Randy and Chad Opened The Sprawling Pickleball Facility Called Bell Bank Park in Mesa Three Years ago, Accommodating 40 Picklaball Courts Along With Facilites for Several Other Sports.
The park hosted seveal ppa tour and major league pickleball events in the last few years. The usa pickleball national championship was the last event it hosted.
As the millers defrauded the investors, they lost the venue. It now operates as arizona athletic grounds. They Owed $ 366 Million to Bondhlders, Contractors, and Other Service Providers.
The Fbi Arrested The Father-Band-Son Duo This month, accusing them of “Executing the scheme using fraudulent documents to lie about the status of the status of the proposed project in order of Millors, Hundreds of Millions, Dollions, Shri They used to enrich themselves. “
The millers allegedly forged documents and fakeed interest from Major Sports Groups in Order to get investors to buy in. They are used the money to buy multiple vehicles for themselves and a family member, and used more than more than $ 400,000 in july 2021 to buy a home for randy miller.
Randy and Chad also paid themselves more than $ 100,000 as salary. They are also accused of withdrawing “Hundreds of Thousands of Dollars in addition to their salarys”.
Two Municipal Bond Offerings were Issued Through the Arizona Industrial Development Authority in August 2020 and June 2021 for a total of a total of $ 284 million, with the understanding Back to the bonders from the revered by the facility.
However, when the facility was open, it hosted only a few events and also witnessed lower atndence than had been filsaly projectioned in the bonding, according to the INDICTMENT The investors were paid only less than $ 2.5 million.
