Sean McClay allegedly swindled 17 actual property traders out of greater than $1.4 million. His victims have been described as a bunch of “refined, educated actual property professionals.”
A 54-year-old man has been indicted on 18 felony counts of securities fraud by a Colorado grand jury. His victims have been described as a bunch of “refined, educated actual property professionals.”
The Colorado Legal professional Basic’s Workplace alleges that Sean McClay lied to actual property traders and swindled them out of $1.4 million of the almost $4 million he’d raised from 17 people for fix-and-flip property investments.
In line with the indictment, McClay spent $1.5 million on actual property acquisitions and $947,000 on property renovations, holding the remaining funds and spending them on private bills and money withdrawals.
This isn’t McClay’s first brush with the legislation, neither is it his first time allegedly serving to himself to funds with which he’d been entrusted. In 2017, McClay was charged with stealing funds from a highschool soccer booster membership in Wisconsin. He was additionally charged with embezzlement for stealing cash from a machine store. He pleaded responsible to a misdemeanor and averted jail time in these incidents.
One more firm related to McClay, Peak 360 Companies, a building firm, was implicated in a 2021 lawsuit that alleged “breach of contract, negligence, fraud, unjust enrichment” and different prices associated to the development of a fireplace station in Lake County, Colorado. On Dec. 24, 2025, the county was awarded $473,107 in damages plus lawyer’s charges, prices and statutory curiosity.
“If any of us would have had the brains simply to Google his identify, we’d have seen earlier articles about him stealing,” Denver Realtor Sandi Hewins instructed BusinessDen. “However none of us had the brains to do this.”
In line with prosecutors, McClay’s largest sufferer misplaced $400,000, and his smallest misplaced $25,000. Hewins misplaced $50,000 and described a convention name wherein a lady cried over the lack of her retirement financial savings within the scheme.
