Arizona Father-Son Duo Indicted for Defrauding Mesa Sports Complex Investors

Randy Miller and his son Chad Miller have been indicted for allegedly defrauding investors out of over $280 million related to Legacy Park, a sports complex in Mesa, Arizona. The U.S. Attorney's Office claims they provided false information and forged documents to misrepresent interest from sports organizations, leading to substantial bond sales to unsuspecting investors. Following the park's opening in January 2022, it quickly failed to generate promised revenues, resulting in bankruptcy nine months later. Prosecutors allege that the Millers misappropriated funds for personal expenses while investors received minimal returns from the project's eventual sale. The indictment includes charges of securities fraud, wire fraud, conspiracy, and aggravated identity theft against the pair. Federal prosecutors, along with the SEC, have taken legal action to hold the Millers accountable for the alleged fraudulent activities.