SEATTLE (AP) — A Bellevue developer has been sentenced to four years in prison for scamming hundreds of investors out of tens of millions of dollars for projects from Everett to Seattle. The Seattle Times reports that Lobsang Dargey also was sentenced on Aug. 4 to three years of supervised release. He had previously agreed […]
Bellevue developer charged in investment fraud case
SEATTLE (AP) — A Bellevue developer suspected of bilking more than 250 Chinese investors out of millions of dollars on two real estate projects has pleaded guilty to federal charges. Lobsang Dargey entered the pleas to two fraud-related counts in U.S. District Court on Jan. 4, one day after being charged. The 43-year-old exploited a […]
Wrong path — Missed deadlines by developer creates difficulties for Othello project
By Jason Cruz Northwest Asian Weekly Former monk, turned developer Lobsang Dargey is under investigation for possible fraud charges and as a result, the purchase of a commercial development in South Seattle that would revitalize the area near the Othello light rail station may not go forward. This has drawn the ire of the Seattle […]