Building of dreams: A downtown real estate deal goes south, costing investors and retirees millions
Karen Dillon and Keith King wrote:
Millions of dollars are missing following the failed purchase of two landmark buildings in downtown Kansas City.
Critics say a Ponzi Scheme drained the pockets of dozens of victims including local power brokers, retirees living on fixed incomes and those with life-threatening illnesses, an investigation by 41 Action News found.
At the center of the defunct deals is Brenda Wood, a business woman from Leavenworth County who owns a small janitorial service that cleans school buildings and other facilities.
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Wood, who has filed for bankruptcy, denies being a double-dealer and says she too was a victim of deceitful businessmen. In court depositions she has denied being involved in a check-kiting and Ponzi scheme and providing fraudulent documents to investors.
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She has lost her bid on the bankruptcy, and the FBI is continuing to investigate, sources told 41 Action News.