Scott Summerhays has been sentenced to 19 1/2 years in prison and ordered to pay $1.4 million in restitution after soliciting $3.6 million from people who believed they were helping him purchase the Gardnerville, Nev., property.
Man Faces $5.7M Fines in Genoa Lakes GC Fraud
Scott Summerhays faces up to 30 years in prison after pleading guilty to 24 federal charges in connection with a fraudulent scheme that coaxed $3.6 million out of 11 investors. Prosecutors say Summerhays told potential investors that he was purchasing the Genoa, Nev., property for $17 million, and used fake documents that suggested he was a partner with Las Vegas Sands owner Sheldon Adelson.