Sean McClay allegedly swindled 17 actual property traders out of greater than $1.4 million. His victims have been described as a gaggle of “subtle, 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 gaggle of “subtle, educated actual property professionals.”
The Colorado Lawyer Common’s Workplace alleges that Sean McClay lied to actual property traders and swindled them out of $1.4 million of the practically $4 million he’d raised from 17 people for fix-and-flip property investments.
In accordance with the indictment, McClay spent $1.5 million on actual property acquisitions and $947,000 on property renovations, preserving 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 prevented jail time in these incidents.
Yet one more firm related to McClay, Peak 360 Companies, a development firm, was implicated in a 2021 lawsuit that alleged “breach of contract, negligence, fraud, unjust enrichment” and different costs associated to the development of a hearth station in Lake County, Colorado. On Dec. 24, 2025, the county was awarded $473,107 in damages plus legal professional’s charges, prices and statutory curiosity.
“If any of us would have had the brains simply to Google his title, we’d have seen earlier articles about him stealing,” Denver Realtor Sandi Hewins advised BusinessDen. “However none of us had the brains to try this.”
In accordance 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 girl cried over the lack of her retirement financial savings within the scheme.
