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Jury acquits Marshall

A jury found developer Ray Marshall not guilty on 17 counts of securities fraud, theft and conspiracy Monday afternoon. Continue Reading Jury acquits Marshall

The man behind the Mining Exchange, a downtown Wyndham Grand Hotel due to open this spring, stands to lose more than $200,000 he invested in a LandCo development-related project on South Union Boulevard unless he rescues it from foreclosure. First Citizens Bank and Trust filed a notice of election and demand against The Ridge at… Continue Reading Mining Exchange developer could rescue LandCo project

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The 33-count indictments against Ray Marshall and Jim Brodie might just be the tip of the legal iceberg.

There might be other indictments to come. Amended Count 1, as filed against Marshall, contains the following paragraph.

“The enterprises alleged in this count are all associated with LandCo (Marshall indictment). The enterprises included but were not limited to, Raymond Marshall and James Brodie and other persons known or unknown, who were associated from time to time in racketeering activity that was related to the conduct of the enterprise.”

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Commission tables ethics complaint

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 It took the city’s Independent Ethics Commission less than 10 minutes this morning to decide they need more specific information before they can decide whether Mayor Lionel Rivera violated ethics policy. Ron Johnson, president and CEO of Central Bancorp, filed a complaint saying that Rivera handles financial accounts for the developer chosen by the city to build… Continue Reading Commission tables ethics complaint

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G.E. Johnson: USOC work will continue

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The general contractor for the U.S. Olympic Committee headquarters at 27 S. Tejon St. said today that work on the building will continue – at least for now. Jim Johnson, president of G.E. Johnson Construction Co., said that he met with LandCo President Ray Marshall and United Western Bank representatives today to discuss the project.… Continue Reading G.E. Johnson: USOC work will continue

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The lawsuit LandCo filed against the U.S. Olympic Committee and the City of Colorado Springs was conceived well before any of the deadlines in the original agreement among the three partners had passed. “(LandCo lawyer) Steve Long has been working on this for six months,” said Russ Rizzo of Linhart P.R., a Denver-based firm which represents… Continue Reading LandCo lawsuit planned before deadlines passed?

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