Ex-Leawood, Kansas Attorney Pead Guilty to Wire Fraud in Real Estate Ponzi Scheme

Ex-Leawood, Kansas Attorney Pead Guilty to Wire Fraud in Real Estate Ponzi Scheme

James Scott Brown, 66, of Leawood, Kansas, plead guilty to participating in a conspiracy to commit wire and mail fraud. During a 10-year period from 2000 to 2010, investors in the United States loaned a total of $52.5 million to Smith and co-conspirators through a Real Estate Ponzi scheme that was known as the British Lending Program (BLP). Victims believed they were loaning money for legitimate real estate development projects, but in reality, most of their money was kept by co-conspirators (or used to pay interest and principal to other lenders).

Brown, an attorney, participated in the UMKC program at Oxford University. During the past decade, Brown did not actively practice law; instead, Brown’s primary occupation was the BLP, from which he took substantial fees. Brown did business as British American Group and as J. Scott Brown and Associates.

According to plea agreements, the British Lending Program (BLP) operated as a Ponzi scheme and served as a fee-generating machine for the benefit of co-conspirators.

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Blog post written by the Dowell Taggart Team of RE/MAX Premier Realty 

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