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Resource ID: #18410
Subject: Real Estate
Source: Dallas Observer
Affiliation: 
Date: June 8-14

Description

The New Times reports on the exploits of Dallas developer Lou Reese. Reese went to prison for his involvement in savings and loan scandals in the 1980s, but his creditors have been unable to collect the millions owed to him because his fortune is allegedly hidden in off-shore accounts, in his children's trust funds and in property in his wife's name. As a businessman Reese seems to be able to stay a few steps ahead of the game, even though his portfolio is full of questionable deals.

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