Tahoe-area Man Pleads Guilty To Charges In Golf Course Scheme

A South Lake Tahoe man has pleaded guilty to bilking 11 investors out of $3.6 million in a fraudulent scheme to buy a Douglas County golf course. The plea, entered in court Wednesday by Scott Summerhays, covers 24 federal charges, including wire fraud and money laundering.

U.S. Attorney Dan Bogden says Summerhays collected potential investors between 2008 and 2010. He told them he was purchasing Genoa Lakes Golf Club near Gardnerville for $17 million.

Prosecutors say Summerhays 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. He’ll be sentenced May 29.

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