Judge agrees that Virginia-based escrow company stole $4.5 million from the Idaho Springs Mighty Argo investors and created fake documents to hide the theft.
Mighty Argo Cable Car
Posted inBusiness, Crime and Courts, News, Outdoors
Idaho Springs gondola project investors ask judge to force escrow company to return “stolen” $4.5M million
The Mighty Argo project wants to build a 1.2-mile gondola that reached the EPA Superfund site at the Argo Mill on the banks of Clear Creek
Posted inBusiness, Crime and Courts, News
Investors behind Idaho Springs gondola say they’re victims of fraud, sue loan broker and escrow agent
The investment group planning a gondola-anchored resort village at Idaho Springs’ long dormant Argo Mill is suing a loan broker and escrow company, arguing they are victims of a comprehensive fraud scheme. The 55-investor Mighty Argo Cable Car Group in August 2020 deposited $4.5 million into an escrow account with Virginia-based First Title Inc. That […]