Associated Press

Follow Me

Back to: News
February 13, 2014
Follow News

Tahoe man admits to golf course scheme

RENO — A Lake Tahoe-area man accused of bilking 11 investors out of $3.6 million in a fraudulent scheme to buy a Douglas County golf course has pleaded guilty to 24 federal charges, including wire fraud and money laundering.

U.S. Attorney Dan Bogden said 55-year-old Scott Summerhays of South Lake Tahoe pleaded guilty Wednesday in federal court in Reno.

From 2008-10, prosecutors say, Summerhays told potential investors he was purchasing Genoa Lakes Golf Club near Gardnerville for $17 million.

They say he faked documents suggesting he was a partner with Las Vegas Sands owner Sheldon Adelson and owned $30 million in stock in the Sands, MGM and Berkshire Hathaway. He faces up to 30 years in prison and $5.7 million in fines at his May 29 sentencing before Judge Larry Hicks.

Stories you may be interested in

The Nevada Appeal Updated Feb 13, 2014 10:51PM Published Feb 13, 2014 01:27PM Copyright 2014 The Nevada Appeal. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.