May 9, 2025 • 28 mins
In this weeks fan submitted episode we dive into the sprawling sports complex in Mesa, Arizona now known as Legacy Fields but was once Bell Bank Park. The origin of this complex goes back to a father and son duo who would do anything to get it built including lying their a$$es off.
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
(00:00):
The subjects of today's episodeshave not yet been convicted of a
crime. All accusations are alleged.
And thank you, Constantine, for submitting today's episode.
Wall Street veteran Bernard Madoff has been arrested and
charged with running a $50 billion Ponzi scheme.
Congress wants to know what caused the Enron meltdown now.
(00:22):
While the collective rage currently is focused on world
comp, Tyco CEO Dennis Koslowski was convicted of looting
hundreds of millions of dollars.This is one of the biggest fraud
cases ever. Their president is a crook.
Well, I'm not a crook. Find out more on this week's
episode of White Collar's Red Hands.
(00:43):
Light shine onto the field, you feel the sweat trickle down your
temple as the crowd roars. The pressure is on.
You can't let your team down. You score the goal.
Your team wins. Pride and adrenaline pump into
your veins. You are victorious.
(01:05):
Sports are a huge part part. Sports are a huge part of any
country's culture. We see this all over the world.
No matter where you're from, sports are a huge deal.
In America, 26.8 million children ages 6 through 17
participate in youth sports. That's over 53% of the children
(01:27):
in the United States. As a parent, dealing with youth
sports can be draining, especially if you have multiple
children. It would be nice if they all
participated in sports that werelocated in the exact same place.
And that was the idea that RandyMiller had, and that was his
(01:48):
passion project. Randy Miller envisioned a Sports
Complex that would bring families and the community
together, bonded by their love of the game.
What happens when this amazing idea strikes out?
Find out on this week's episode of White Collars, Red Hands.
Oh wow, congratulations Randy, you came up with the idea for a
(02:11):
Recreation Center. Glad no one's ever thought of
that before. Hey, you know what?
It could be the same but different.
This is like, oh man, my passionis this new idea.
It's this sting in your kitchen,All right, it's cold.
And if you put things in and it keeps it cold.
(02:31):
What would that be? I'm thinking about calling it
the Randy Frigerator. Like, no Randy, that's the thing
that already exists. You've seen it.
You can't just say something that already exists, make it
your passion, and think that you're such a cool person for
creating the idea. Damn, I wonder if that's just
like white people having a podcast.
(02:53):
Hey, what's up guys? Welcome back to another episode
of White College, Red Hands on. Kasha and I'm night.
And we are we, we are. And we are the same but
different. We we walked so that other white
podcasters could run. Could run some of them tripping
and falling along the way, trying to think of somebody
(03:14):
who's made of full of themselves, but I can't think of
anybody. On a podcast.
Well, countless. Countless Andrew Tate.
Joe Rogan. Oh yeah, yeah, yeah, those are
white boys. The other Tate brother, I don't
know any alpha male white man podcast, Basically, yeah.
So before I get into today's topic, I did want to give you
guys an update. I wanted to update you about
(03:37):
these Sean Kings, about Sean Kingston and what's going on
with him. Was it last season or the season
before? We did a episode on Sean
Kingston first. Of that was last season.
Yeah, Sean Kingston, if you wantto go do a little bit of a deep
dive and figure out exactly whathe did, I highly encourage you
don't do so. But Sean Kingston did go on
(03:57):
trial. His he and his mother were both
found guilty of wire fraud. They are still waiting on
sentencing. Sentencing is actually going to
happen July 11th. But as of right now, Kingston is
under house arrest and his mother is still in federal
custody. They can't pay the bail on that.
So that is where they're at right now.
(04:19):
Once we find out what their sentencing is, we will give you
an update, but that's just wherethey're at right now.
And hope hoping that Justin Bieber bails him out.
He probably will not. Yeah, probably not.
Or those beautiful girls, you know, back to today's episode.
Randy Miller. All right, so Randy Miller, he
knew sports. He loved sports.
(04:43):
Sports is what made Randy Miller.
Randy Miller. Mother's Randy Miller I love
sports, is all you need to know about.
Me. That's what I'm assuming that
Randy Miller is a caricature like that.
He got a little looks like one alittle bit.
He does kind of look like a guy.He kind of looks like somebody
drew him. Middle school football were the
best years of my life. Like, he's that guy.
(05:05):
Yeah, no, 100%. This man peaked in high school.
I'm 100%. High school, OK, a little better
than middle school football. Yeah, Randy Miller had a vision
to open a sports park so that people of all ages could come
together and celebrate the love of the game.
Terrible movie. So his Sports Complex, there
would be multiple games going onat the same time.
(05:28):
There would be soccer, basketball, you name it, they
would have it. Brandy, alongside his son Chad,
set off to make their sports dream come true.
Oh my. God, Randy and Chad on a sports
on a sports mission. Hey, Chad was going to GoPro,
but then he got hurt. So you know, my son Chad, he
(05:49):
could have made it in the league, but yeah, he tore his
ACLMCL and also three heart ligaments when his girlfriend
broke up with. Him.
The two of them created the company Legacy Cares
Incorporated. Legacy Cares was a nonprofit
organization with a home base inMesa, AZ.
Do you know where that's at? Yeah, I know where Mesa is,
(06:11):
Okay, one of the biggest areas in Arizona.
Okay, I didn't know. I didn't know it was a 503 C
company, which means they don't have to pay taxes.
The primary goal of the organization was to develop, own
and operate sports and family entertainment facilities.
The first time, so this actuallyhad been a dream of Randy's for
a really, really long time. This is something that he always
(06:34):
wanted to do. And the first time that Randy
tried to operate and found a Sports Complex, it didn't go as
planned. He had tried to get investors
and to get private loans, but itjust didn't pan out.
Originally, he tried to start uphis Sports Complex in Phoenix,
AZ, which is the state's capital, but he was
unsuccessful. So he decided to take his dream
(06:55):
and move it over to Mesa. Mesa's about 30 minutes away
from Phoenix. I kind of feel like you could
say if you live in Mesa, you could say you're from Phoenix
and people really wouldn't bat an eye.
You probably would. Mesa is basically a suburb of
Phoenix. Oh, so it's like a Naperville
Chicago situation? Yeah.
So Phoenix is very large land wise and it has a lot of
(07:16):
suburbs, OK, that are kind of considered like the Phoenix
area. Got you.
We call it, if you're from Arizona, you call it the Valley.
So like everything Phoenix and then around Phoenix is just
called the Valley. It's the valley going to Mesa
worked. Miller set up his Legacy Cares
as a way to get Bonds to pay forthe Sports Complex, but then he
also set up Sports USA, which was a for profit entity to
(07:41):
manage the Sports Complex. I need to make another company
to manage this. Whatever I know about, it's
sports in the USA. Real kind of experts USA.
With this so that's what is thisguy, I don't know anything about
him really. He sounds kind of like an idiot.
I know I'm paid to come that waywith the voice, but.
Yeah, you really are I. Feel like I'm hitting the the
(08:03):
like nail on the head. Here, listen, he's a simple man
because he's a simple man. He hasn't had not a lot of
thoughts. So they had a Vision Bell Bank
Park and it was great. It was going to be a massive
undertaking. It was 300 acres which would
have indoor and outdoor sports fields, courts, locker rooms, a
(08:24):
10,000 seat stadium. It would have offices,
restaurants and other entertainment spaces.
In the end, the park had 194 fields.
It was it was a really big it. I mean it was huge.
It was huge in the bell bank parked seemed like it would have
had potential for not only just sporting events, but
(08:45):
entertainment of all kinds. I mean, you have a 10,000 seat
stadium. You could easily throw concerts
there now. Just for clarification, there
were some conflicting names for the park.
The Sports Complex opened under the name Bell Bank Park and then
it ended up going by Legacy Park.
I'm sticking with Bell Bank Park, but if you look anything
(09:06):
up on your own and you see a discrepancy, that's why it was
listed as different names in multiples of different sources.
So just depends on which source you're looking at.
Great sound, like they really had their ducks in a row.
They they did. Now a venture of this magnitude
would need some serious funding.Randy, his son Chad, and their
(09:28):
business partner slash, Chief Operating Officer of Sports USA,
Jeffrey de la Vega, knew this. Finally, the name was some
spice. Yes, Jeffrey.
We got Randy's, got Chads, and then, oh, look over here, it's
Jeffrey de la Vega. Jeffrey de la Vega in 2019.
The Millers had to had met with a bank to try to make their
dream a reality. They met with an investment bank
(09:49):
who said that they would need tofund their project through
municipal bonds. So for anyone who isn't sure, a
municipal bond is this is from Fidelity, quote.
Municipal bonds are debt obligations issued by public
entities that use the loans to fund public projects such as
construction of schools, hospitals and highways.
(10:09):
All right, so they would have topay these back to the person the
for to the investors. OK, the investors would buy
these bonds and then they would pay back the investors.
They went this route because it's common for five O 3 CS to
raise money this way and legacy sports is in like I said
earlier, a non profit 5O3C company or organization.
(10:31):
Plus it's like a, it's like a public area, right?
So I feel like this is probably how just like public public
areas like parks and things are funded.
Yes, yeah. The Millers and De la Vega knew
that they were going to need investors to purchase the bonds
if they were going to make Bell Bank Park a success.
In 2020, Chad Miller and JeffreyDe La Vega presented investors
(10:51):
with their goals and projectionsfor the project.
The issue? They weren't completely
truthful. Miller and De La Vega told
investors that Bell Bank Park would generate over $96,000,000
in revenue its first year of operation.
They told the investors that thepark would be nearly full on
opening day. Now they came up with these
(11:12):
numbers using a breakdown of which sports would be offered at
the complex and their projected revenues.
They had over 50 letters of intent from sports organizations
that were going to move their programs over to Bell Bank Park
I. Don't think they're making $96
million unless the fucking Diamondbacks are moving to Bell
Bank Park. OK, well.
Listen, these letters of intent came from a variety of different
(11:36):
Sports Club, including local, national and international
organizations. So they're coughing up a pretty
penny, all right? In the letters of intent, some
of them stated that they would just be moving games or
practices to the complex. Others said that they would be
moving their entire operations to the venue.
Some of the letters included thenumber of people that would be
(11:58):
present at the events and practices, and some had revenue
projections in their letters of intent.
Now, as an investor, if you're looking at this, this would
really look legitimate and it would also be a good look like
it's a good thing to put your money into.
However, those letters of intenthad the wrong intent.
(12:18):
They were completely made-up. Miller not only altered the
letters to make them appear a certain way, but he also
fabricated a large majority of them.
He did this by using fake letterhead forged signatures,
which he would sometimes convince other people to do for
him, and he would have incorrector misspelled signatories.
Now, Chad Miller wasn't doing this alone.
(12:40):
All of the defendants were in onthis, and they would share
drafts of the fake documents between each other.
More than once, Randy Miller would instruct Chad Miller to
change the date on the documents.
Other times, Chad Miller would ask De la Vega to make the
letters of intent himself. I think whoever should be the
primary defendant on this case should be whoever bought the
(13:01):
Canva Premium subscription. Good point.
Because it's your fault. Yes, one letter said that an
organization was committing to have a yearly event at Bell Bank
Park. However, like I said, letterhead
fake and it had misidentified the name of the sports
organization that purportedly issued the letter and misspelled
(13:22):
the last name of the purported signatory.
Not only we're the Millers fabricating letters of the tent,
but they were also faking something called pre contracts
as well, which the letters of intent were like, hey, we're
going to bring this to your complex.
We're going to have our practices here.
We're going to have our events here.
(13:44):
These pre contracts were like, oh, we already have these to set
in stone. Like these are for sure things
that are going to be happening at our venue.
OK, so the the letters of intentare like the talking phase and
the the pre contracts are like the.
Do you want? To meet my friends.
(14:04):
Face they're like exclusivity. Nice.
They did this to make it look like they're more than just
letters of intent. Many of these pre agreements
included binding contracts to make it look as though Bell Bank
Park was going to have much morebusiness than they really did.
And much like the letters of intent, these pre contracts
contained forged signatures and were more often than not
(14:27):
completely fabricated. So the sole purpose of these pre
contracts were to deceive investors.
Like the like seeing the lettersof intent, investors were given
the pre contracts when looking at the data of the Sports
Complex before they started, before they decided on
investing. Now the letters of intent were
(14:49):
false, the pre contracts were fake.
So it's not really surprising tohear that the projected revenue
of Bell Bank Park was also fabricated.
Investors were presented with A5year revenue prediction.
It was predicted that, like I said earlier, in 2022 alone, the
year that the park opened, it would make $96 million.
(15:13):
This was way more than what would be paid back to the
bondholders, however. When Randy and Chad had met with
a consultant for their original complex, the one in 2016 that
they wanted to open in Phoenix, the consultant told them that
the Max amount of revenue that they would bring in would be $38
(15:33):
million, which was, but that waslike the absolute Max.
It was. I think that the actual number
was like 28. He was like 22 or 28.
And then he's like absolute Max.You'll make 38.
The men did meet with a consultant to predict the
revenue for the Mesa location and when the consultant was
(15:55):
given all of the information he actually made an estimate that
they would make about $84,000,000 and this was based
off of his assumption or their assumption.
I don't know if it was a man or a woman based off of their
assumption that all of the letters of intent and the pre
contracts were legitimate. So they presented this person
with all of their fake news and they were like, Oh yeah, you'll
(16:16):
probably make around $84,000,000, which is still less
than the $96,000,000 that Millerand De La Vega told investors
that their property was going tomake.
That sounds good. Let's still bump it up by like
15%. Yeah, and another 12 mil.
I think that that's doable, right?
That'll look good. That'll look good.
That's doable. These investors were duped out
(16:38):
of webinar that was put on by the Millers and De la Vega.
In the webinar, Chad Miller toldpotential investors that the
park was sold at 90%, like they were gonna have 90% occupancy on
opening day, day one, and reiterated the letters of
intent. Knowing that he himself had
(16:59):
fabricated and forged these documents.
De la Vega told investors that the park would actually they're
he. They're like, Oh yeah, it's at
90% now, but the day we open, it's gonna be sold out.
But they were just completely making this up to these people
there. Can't be this much.
I mean, we know there isn't, butlike, who would believe there's
(17:19):
this much like interest in just like a bunch of random sports
fields? Well, right, It doesn't make a
whole lot of sense. Yeah, Like Phoenix itself only
has 161.65 million residents. Now, granted, they're saying
that they're going to get peoplefrom all over the place coming
(17:41):
here. However, the demand for 194
fields just cannot be that high.Especially because there's
already a whole string of reallynice baseball fields there,
because that's where the. Cardinals are at right?
No, I made that up the. Cardinals are a football team.
Well, they are. The Cardinals are also a
baseball team, but they play in St.
Louis, MO. The Cardinals in Arizona are the
(18:03):
football team. Is there a baseball team in
Arizona? So spring training plays there.
So half the half of the Major League teams play spring
training in Mesa, half of them play in Florida.
Oh, interesting. Yeah, OK, so they already have
nice baseball field. Yeah.
They have a whole string of. Them they don't.
I mean, like I Now granted Bellbank Park had more than just
baseball fields. However, not all.
(18:26):
I at least know that not all sports play at the same time.
Yeah. So the likelihood of all those
fields being used is not very high.
There's like, we got ice hockey,hockey teams coming in, we got
losers, we got. Rugby.
We got curling. Everything that would normally
be there during summer, we have.We've got it all.
(18:49):
Gymnastics we. Got the biathlon, the one where
they ski and then shoot guns. It's one of the weirdest Olympic
sports. I did hear about that one.
I didn't. I've watched it.
You've watched the biathlon. Yeah, I have.
The the one you pretend like youdon't know what the fuck I'm
talking about. Well, I didn't forgot that's
what it was called. You think I remember what that
(19:09):
was called? I don't know.
Maybe my mom made me watch it when I was a kid because she
likes to cross country ski sounds like.
Something your fucking mom woulddo.
Yeah, you've met her. All right.
There was a second bond offeringthat took place and there was
$33 million in additional bonds that were issued.
Now this whole entire offering was based off of the 2020 data
(19:31):
which included the letters of interest and the pre contracts
with the two municipal bond offerings.
In both 2020 and 2021 / 284,000,000 dollars was raised
for the Sports Complex. It was stated that investors
would be paid back in cash afterthe park opened.
(19:53):
Oh. My God, 1/4 of a billion
dollars. Yeah, I mean, they were
successful in getting the money at least.
'Cause they lied, yeah. And it's just a little fib.
That's a pretty big one, saying they're going to make three
times the money that they were going to make.
Yeah, this is a small lie, this.Is a little lie.
Now, 284,000,000 is a lot of money.
(20:15):
So much money that you wouldn't notice if someone went missing,
right? Well, Randy Miller, Chad Miller
and Jeffrey De la Vega, they also had a hard job and they all
took money that they acquired from deceiving investors and
used it to lavish themselves in the finer things in life.
OK, Chad Miller paid himself $30,000 per month out of the
(20:43):
Sports USA account. That's $360,000 per year.
Sports USA also paid De La Vega a consulting fee of
approximately $20,000 out of the2020 bond offering.
Randy Miller received 230,000 out of the 2020 bond offerings,
and it was also noted that the men paid themselves $100,000
(21:06):
more than they were supposed to for their salaries on top of the
other money that they had already funneled out of the
bonds. It was also cited that the men
bought a Chevy Tahoe with investor funds, a Cadillac
Escalade, and that $400,000 of that money was used to buy Randy
Miller a new home. We are driving Tahoe.
(21:27):
Together we get in. We have boys nights on Fridays.
Fridays. Yeah, absolutely.
Fridays for the Boys. We go to our bowling league and
drink copious amounts of Bud Light.
Oh, they totally drink Bud Light0.
Yeah, Fuck yeah. Are you?
Kidding me? So it was opening day, January
of 2022. Investors were excited to see
(21:50):
their investment thrive like they had been promised.
However, they woke up to an unfortunate reality when Bell
Bank Park only had the a fraction of the demand that was
promised to them by the Millers.Bell Bank Park struggled to keep
afloat. It wasn't just that first
opening day that was lackluster,it seemed that the need for such
(22:13):
an elaborate Sports Complex might not have been there at
all. Like Kashawn said, yeah, there
were far fewer events and the attendance was lacking.
In 2022, Bell Bank Park had a revenue of under $28 million
FAR, which is honestly not bad. To be fair, that's what the
(22:35):
original person had said. That is what the original person
did from it, yes. Yeah, that that consultant was
correct, but it was even though that person was correct, it was
far less than the $96,000,000 that they had promised
investors. The park brought in a revenue of
60% less than was presented to the investors.
(22:59):
Due to the lack of attendance atthe park, the bonds quickly
fell. Legacy Cares was not able to
make the principal payments to the bondholders.
By October 2022, those bonds were in default.
There was an attempt to refinance them, but it was
unsuccessful. Legacy Cares had no other
(23:22):
options. They weren't able to pay their
investors. They hardly had money to keep
the lights on at their sprawlingcomplex.
On May 1st, 2023, less than a year and a half after their
initial opening, they filed for Chapter 11 bankruptcy.
There was no option but to sell Bell Bank Park.
(23:43):
It was sold for $26 million and now goes by the name of Arizona
Athletic Grounds. Investors lost out on this
investment entirely after selling the complex for
26,000,000. There were construction fees and
liens that had to be paid, and the bankruptcy only reclaimed
$2.5 million of the 284,000,000 that was raised.
(24:10):
Quick math, less than 1%. Yeah, I was trying to.
I was like, what is that percentage I?
Don't know it's like .9. .9 Yeah, it's bad.
That's bad. So Randy Miller, Chad Miller and
Jeffrey De la Vega have been charged with, quote, one count
of conspiracy to commit wire insecurities fraud, which
(24:32):
carries a maximum term of five years in prison.
One count of securities fraud and one count of wire fraud,
each of which carries a maximum term of 20 years in prison.
And one count of aggravated identity theft, which carries A
mandatory minimum sentence of two years in prison, according
to the US Department of Festus. Randy and Chad Miller must also
(24:54):
surrender any property that has been purchased with the bond
payments. So Randy lost his house.
And the Tahoe. No, not.
The Escalade. Not the Tahoe.
How are the boys gonna get to get to Boys Night on Fridays?
I don't know. No, they're not gonna.
They're not gonna. That's so sad.
Drop an F in the chat for For Boys night.
(25:16):
For fail they have not gone to court yet, so if we have an
update on their case we will update you.
Bell Bank Park not only fumble, but they have been permanently
placed in the penalty box. Randy, Chad and Jeffrey could
have had something great, their Sports Complex could have been
(25:38):
successful and amazing, but instead they let greed cloud
their judgement until they were completely in left field.
Wellbank Park is still struggling to be successful to
this day, even under new ownership.
The investors who put their hardearned money into this endeavor
will likely never see a return on their investment, and the men
(26:00):
behind it will end up in bars. In bars.
Oops, behind bars sounds. Like a fun time.
And the men behind it will end up behind bars.
Thank you so much for listening to this and submitted episode.
Thank you so much Constantine. We appreciate it.
(26:22):
This was a fun one. It was a little bit short, but
we appreciate it. I probably never would have
found this if I actually never would have found this if I
hadn't been sent this. So if you are listening and you
find a white collar Crime Story that you find interesting,
please send it our way. There's always unfortunately
(26:42):
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(27:05):
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(27:27):
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(27:48):
It'll take you over to T public and you can buy some merch with
our little logo on it. Is there anything else that I'm
missing? I told it backwards.
Oh, tell a friend. I was just about to say.
Tell a friend about us, please please please please.
Word of mouth is the best way tospread news about a podcast, so
(28:09):
thanks. Or don't tell a friend, tell
your enemies. Or tell your enemies.
Show dominance, yell podcast recommendations at them.
Yes, until they're tired of and they can't take any more.
Yep. And then they'll then they'll
fucking leave you alone. Yep, that's that'll work too.
Yeah. All right, now I think that
might be it. Thank you so much for listening.
(28:32):
And we'll see you on another episode of White Collars, Red
Hands.
The subjects of today's episodeshave not yet been convicted of a
crime. All accusations are alleged.
And thank you, Constantine, for submitting today's episode.
Wall Street veteran Bernard Madoff has been arrested and
charged with running a $50 billion Ponzi scheme.
Congress wants to know what caused the Enron meltdown now.
(00:22):
While the collective rage currently is focused on world
comp, Tyco CEO Dennis Koslowski was convicted of looting
hundreds of millions of dollars.This is one of the biggest fraud
cases ever. Their president is a crook.
Well, I'm not a crook. Find out more on this week's
episode of White Collar's Red Hands.
(00:43):
Light shine onto the field, you feel the sweat trickle down your
temple as the crowd roars. The pressure is on.
You can't let your team down. You score the goal.
Your team wins. Pride and adrenaline pump into
your veins. You are victorious.
(01:05):
Sports are a huge part part. Sports are a huge part of any
country's culture. We see this all over the world.
No matter where you're from, sports are a huge deal.
In America, 26.8 million children ages 6 through 17
participate in youth sports. That's over 53% of the children
(01:27):
in the United States. As a parent, dealing with youth
sports can be draining, especially if you have multiple
children. It would be nice if they all
participated in sports that werelocated in the exact same place.
And that was the idea that RandyMiller had, and that was his
(01:48):
passion project. Randy Miller envisioned a Sports
Complex that would bring families and the community
together, bonded by their love of the game.
What happens when this amazing idea strikes out?
Find out on this week's episode of White Collars, Red Hands.
Oh wow, congratulations Randy, you came up with the idea for a
(02:11):
Recreation Center. Glad no one's ever thought of
that before. Hey, you know what?
It could be the same but different.
This is like, oh man, my passionis this new idea.
It's this sting in your kitchen,All right, it's cold.
And if you put things in and it keeps it cold.
(02:31):
What would that be? I'm thinking about calling it
the Randy Frigerator. Like, no Randy, that's the thing
that already exists. You've seen it.
You can't just say something that already exists, make it
your passion, and think that you're such a cool person for
creating the idea. Damn, I wonder if that's just
like white people having a podcast.
(02:53):
Hey, what's up guys? Welcome back to another episode
of White College, Red Hands on. Kasha and I'm night.
And we are we, we are. And we are the same but
different. We we walked so that other white
podcasters could run. Could run some of them tripping
and falling along the way, trying to think of somebody
(03:14):
who's made of full of themselves, but I can't think of
anybody. On a podcast.
Well, countless. Countless Andrew Tate.
Joe Rogan. Oh yeah, yeah, yeah, those are
white boys. The other Tate brother, I don't
know any alpha male white man podcast, Basically, yeah.
So before I get into today's topic, I did want to give you
guys an update. I wanted to update you about
(03:37):
these Sean Kings, about Sean Kingston and what's going on
with him. Was it last season or the season
before? We did a episode on Sean
Kingston first. Of that was last season.
Yeah, Sean Kingston, if you wantto go do a little bit of a deep
dive and figure out exactly whathe did, I highly encourage you
don't do so. But Sean Kingston did go on
(03:57):
trial. His he and his mother were both
found guilty of wire fraud. They are still waiting on
sentencing. Sentencing is actually going to
happen July 11th. But as of right now, Kingston is
under house arrest and his mother is still in federal
custody. They can't pay the bail on that.
So that is where they're at right now.
(04:19):
Once we find out what their sentencing is, we will give you
an update, but that's just wherethey're at right now.
And hope hoping that Justin Bieber bails him out.
He probably will not. Yeah, probably not.
Or those beautiful girls, you know, back to today's episode.
Randy Miller. All right, so Randy Miller, he
knew sports. He loved sports.
(04:43):
Sports is what made Randy Miller.
Randy Miller. Mother's Randy Miller I love
sports, is all you need to know about.
Me. That's what I'm assuming that
Randy Miller is a caricature like that.
He got a little looks like one alittle bit.
He does kind of look like a guy.He kind of looks like somebody
drew him. Middle school football were the
best years of my life. Like, he's that guy.
(05:05):
Yeah, no, 100%. This man peaked in high school.
I'm 100%. High school, OK, a little better
than middle school football. Yeah, Randy Miller had a vision
to open a sports park so that people of all ages could come
together and celebrate the love of the game.
Terrible movie. So his Sports Complex, there
would be multiple games going onat the same time.
(05:28):
There would be soccer, basketball, you name it, they
would have it. Brandy, alongside his son Chad,
set off to make their sports dream come true.
Oh my. God, Randy and Chad on a sports
on a sports mission. Hey, Chad was going to GoPro,
but then he got hurt. So you know, my son Chad, he
(05:49):
could have made it in the league, but yeah, he tore his
ACLMCL and also three heart ligaments when his girlfriend
broke up with. Him.
The two of them created the company Legacy Cares
Incorporated. Legacy Cares was a nonprofit
organization with a home base inMesa, AZ.
Do you know where that's at? Yeah, I know where Mesa is,
(06:11):
Okay, one of the biggest areas in Arizona.
Okay, I didn't know. I didn't know it was a 503 C
company, which means they don't have to pay taxes.
The primary goal of the organization was to develop, own
and operate sports and family entertainment facilities.
The first time, so this actuallyhad been a dream of Randy's for
a really, really long time. This is something that he always
(06:34):
wanted to do. And the first time that Randy
tried to operate and found a Sports Complex, it didn't go as
planned. He had tried to get investors
and to get private loans, but itjust didn't pan out.
Originally, he tried to start uphis Sports Complex in Phoenix,
AZ, which is the state's capital, but he was
unsuccessful. So he decided to take his dream
(06:55):
and move it over to Mesa. Mesa's about 30 minutes away
from Phoenix. I kind of feel like you could
say if you live in Mesa, you could say you're from Phoenix
and people really wouldn't bat an eye.
You probably would. Mesa is basically a suburb of
Phoenix. Oh, so it's like a Naperville
Chicago situation? Yeah.
So Phoenix is very large land wise and it has a lot of
(07:16):
suburbs, OK, that are kind of considered like the Phoenix
area. Got you.
We call it, if you're from Arizona, you call it the Valley.
So like everything Phoenix and then around Phoenix is just
called the Valley. It's the valley going to Mesa
worked. Miller set up his Legacy Cares
as a way to get Bonds to pay forthe Sports Complex, but then he
also set up Sports USA, which was a for profit entity to
(07:41):
manage the Sports Complex. I need to make another company
to manage this. Whatever I know about, it's
sports in the USA. Real kind of experts USA.
With this so that's what is thisguy, I don't know anything about
him really. He sounds kind of like an idiot.
I know I'm paid to come that waywith the voice, but.
Yeah, you really are I. Feel like I'm hitting the the
(08:03):
like nail on the head. Here, listen, he's a simple man
because he's a simple man. He hasn't had not a lot of
thoughts. So they had a Vision Bell Bank
Park and it was great. It was going to be a massive
undertaking. It was 300 acres which would
have indoor and outdoor sports fields, courts, locker rooms, a
(08:24):
10,000 seat stadium. It would have offices,
restaurants and other entertainment spaces.
In the end, the park had 194 fields.
It was it was a really big it. I mean it was huge.
It was huge in the bell bank parked seemed like it would have
had potential for not only just sporting events, but
(08:45):
entertainment of all kinds. I mean, you have a 10,000 seat
stadium. You could easily throw concerts
there now. Just for clarification, there
were some conflicting names for the park.
The Sports Complex opened under the name Bell Bank Park and then
it ended up going by Legacy Park.
I'm sticking with Bell Bank Park, but if you look anything
(09:06):
up on your own and you see a discrepancy, that's why it was
listed as different names in multiples of different sources.
So just depends on which source you're looking at.
Great sound, like they really had their ducks in a row.
They they did. Now a venture of this magnitude
would need some serious funding.Randy, his son Chad, and their
(09:28):
business partner slash, Chief Operating Officer of Sports USA,
Jeffrey de la Vega, knew this. Finally, the name was some
spice. Yes, Jeffrey.
We got Randy's, got Chads, and then, oh, look over here, it's
Jeffrey de la Vega. Jeffrey de la Vega in 2019.
The Millers had to had met with a bank to try to make their
dream a reality. They met with an investment bank
(09:49):
who said that they would need tofund their project through
municipal bonds. So for anyone who isn't sure, a
municipal bond is this is from Fidelity, quote.
Municipal bonds are debt obligations issued by public
entities that use the loans to fund public projects such as
construction of schools, hospitals and highways.
(10:09):
All right, so they would have topay these back to the person the
for to the investors. OK, the investors would buy
these bonds and then they would pay back the investors.
They went this route because it's common for five O 3 CS to
raise money this way and legacy sports is in like I said
earlier, a non profit 5O3C company or organization.
(10:31):
Plus it's like a, it's like a public area, right?
So I feel like this is probably how just like public public
areas like parks and things are funded.
Yes, yeah. The Millers and De la Vega knew
that they were going to need investors to purchase the bonds
if they were going to make Bell Bank Park a success.
In 2020, Chad Miller and JeffreyDe La Vega presented investors
(10:51):
with their goals and projectionsfor the project.
The issue? They weren't completely
truthful. Miller and De La Vega told
investors that Bell Bank Park would generate over $96,000,000
in revenue its first year of operation.
They told the investors that thepark would be nearly full on
opening day. Now they came up with these
(11:12):
numbers using a breakdown of which sports would be offered at
the complex and their projected revenues.
They had over 50 letters of intent from sports organizations
that were going to move their programs over to Bell Bank Park
I. Don't think they're making $96
million unless the fucking Diamondbacks are moving to Bell
Bank Park. OK, well.
Listen, these letters of intent came from a variety of different
(11:36):
Sports Club, including local, national and international
organizations. So they're coughing up a pretty
penny, all right? In the letters of intent, some
of them stated that they would just be moving games or
practices to the complex. Others said that they would be
moving their entire operations to the venue.
Some of the letters included thenumber of people that would be
(11:58):
present at the events and practices, and some had revenue
projections in their letters of intent.
Now, as an investor, if you're looking at this, this would
really look legitimate and it would also be a good look like
it's a good thing to put your money into.
However, those letters of intenthad the wrong intent.
(12:18):
They were completely made-up. Miller not only altered the
letters to make them appear a certain way, but he also
fabricated a large majority of them.
He did this by using fake letterhead forged signatures,
which he would sometimes convince other people to do for
him, and he would have incorrector misspelled signatories.
Now, Chad Miller wasn't doing this alone.
(12:40):
All of the defendants were in onthis, and they would share
drafts of the fake documents between each other.
More than once, Randy Miller would instruct Chad Miller to
change the date on the documents.
Other times, Chad Miller would ask De la Vega to make the
letters of intent himself. I think whoever should be the
primary defendant on this case should be whoever bought the
(13:01):
Canva Premium subscription. Good point.
Because it's your fault. Yes, one letter said that an
organization was committing to have a yearly event at Bell Bank
Park. However, like I said, letterhead
fake and it had misidentified the name of the sports
organization that purportedly issued the letter and misspelled
(13:22):
the last name of the purported signatory.
Not only we're the Millers fabricating letters of the tent,
but they were also faking something called pre contracts
as well, which the letters of intent were like, hey, we're
going to bring this to your complex.
We're going to have our practices here.
We're going to have our events here.
(13:44):
These pre contracts were like, oh, we already have these to set
in stone. Like these are for sure things
that are going to be happening at our venue.
OK, so the the letters of intentare like the talking phase and
the the pre contracts are like the.
Do you want? To meet my friends.
(14:04):
Face they're like exclusivity. Nice.
They did this to make it look like they're more than just
letters of intent. Many of these pre agreements
included binding contracts to make it look as though Bell Bank
Park was going to have much morebusiness than they really did.
And much like the letters of intent, these pre contracts
contained forged signatures and were more often than not
(14:27):
completely fabricated. So the sole purpose of these pre
contracts were to deceive investors.
Like the like seeing the lettersof intent, investors were given
the pre contracts when looking at the data of the Sports
Complex before they started, before they decided on
investing. Now the letters of intent were
(14:49):
false, the pre contracts were fake.
So it's not really surprising tohear that the projected revenue
of Bell Bank Park was also fabricated.
Investors were presented with A5year revenue prediction.
It was predicted that, like I said earlier, in 2022 alone, the
year that the park opened, it would make $96 million.
(15:13):
This was way more than what would be paid back to the
bondholders, however. When Randy and Chad had met with
a consultant for their original complex, the one in 2016 that
they wanted to open in Phoenix, the consultant told them that
the Max amount of revenue that they would bring in would be $38
(15:33):
million, which was, but that waslike the absolute Max.
It was. I think that the actual number
was like 28. He was like 22 or 28.
And then he's like absolute Max.You'll make 38.
The men did meet with a consultant to predict the
revenue for the Mesa location and when the consultant was
(15:55):
given all of the information he actually made an estimate that
they would make about $84,000,000 and this was based
off of his assumption or their assumption.
I don't know if it was a man or a woman based off of their
assumption that all of the letters of intent and the pre
contracts were legitimate. So they presented this person
with all of their fake news and they were like, Oh yeah, you'll
(16:16):
probably make around $84,000,000, which is still less
than the $96,000,000 that Millerand De La Vega told investors
that their property was going tomake.
That sounds good. Let's still bump it up by like
15%. Yeah, and another 12 mil.
I think that that's doable, right?
That'll look good. That'll look good.
That's doable. These investors were duped out
(16:38):
of webinar that was put on by the Millers and De la Vega.
In the webinar, Chad Miller toldpotential investors that the
park was sold at 90%, like they were gonna have 90% occupancy on
opening day, day one, and reiterated the letters of
intent. Knowing that he himself had
(16:59):
fabricated and forged these documents.
De la Vega told investors that the park would actually they're
he. They're like, Oh yeah, it's at
90% now, but the day we open, it's gonna be sold out.
But they were just completely making this up to these people
there. Can't be this much.
I mean, we know there isn't, butlike, who would believe there's
(17:19):
this much like interest in just like a bunch of random sports
fields? Well, right, It doesn't make a
whole lot of sense. Yeah, Like Phoenix itself only
has 161.65 million residents. Now, granted, they're saying
that they're going to get peoplefrom all over the place coming
(17:41):
here. However, the demand for 194
fields just cannot be that high.Especially because there's
already a whole string of reallynice baseball fields there,
because that's where the. Cardinals are at right?
No, I made that up the. Cardinals are a football team.
Well, they are. The Cardinals are also a
baseball team, but they play in St.
Louis, MO. The Cardinals in Arizona are the
(18:03):
football team. Is there a baseball team in
Arizona? So spring training plays there.
So half the half of the Major League teams play spring
training in Mesa, half of them play in Florida.
Oh, interesting. Yeah, OK, so they already have
nice baseball field. Yeah.
They have a whole string of. Them they don't.
I mean, like I Now granted Bellbank Park had more than just
baseball fields. However, not all.
(18:26):
I at least know that not all sports play at the same time.
Yeah. So the likelihood of all those
fields being used is not very high.
There's like, we got ice hockey,hockey teams coming in, we got
losers, we got. Rugby.
We got curling. Everything that would normally
be there during summer, we have.We've got it all.
(18:49):
Gymnastics we. Got the biathlon, the one where
they ski and then shoot guns. It's one of the weirdest Olympic
sports. I did hear about that one.
I didn't. I've watched it.
You've watched the biathlon. Yeah, I have.
The the one you pretend like youdon't know what the fuck I'm
talking about. Well, I didn't forgot that's
what it was called. You think I remember what that
(19:09):
was called? I don't know.
Maybe my mom made me watch it when I was a kid because she
likes to cross country ski sounds like.
Something your fucking mom woulddo.
Yeah, you've met her. All right.
There was a second bond offeringthat took place and there was
$33 million in additional bonds that were issued.
Now this whole entire offering was based off of the 2020 data
(19:31):
which included the letters of interest and the pre contracts
with the two municipal bond offerings.
In both 2020 and 2021 / 284,000,000 dollars was raised
for the Sports Complex. It was stated that investors
would be paid back in cash afterthe park opened.
(19:53):
Oh. My God, 1/4 of a billion
dollars. Yeah, I mean, they were
successful in getting the money at least.
'Cause they lied, yeah. And it's just a little fib.
That's a pretty big one, saying they're going to make three
times the money that they were going to make.
Yeah, this is a small lie, this.Is a little lie.
Now, 284,000,000 is a lot of money.
(20:15):
So much money that you wouldn't notice if someone went missing,
right? Well, Randy Miller, Chad Miller
and Jeffrey De la Vega, they also had a hard job and they all
took money that they acquired from deceiving investors and
used it to lavish themselves in the finer things in life.
OK, Chad Miller paid himself $30,000 per month out of the
(20:43):
Sports USA account. That's $360,000 per year.
Sports USA also paid De La Vega a consulting fee of
approximately $20,000 out of the2020 bond offering.
Randy Miller received 230,000 out of the 2020 bond offerings,
and it was also noted that the men paid themselves $100,000
(21:06):
more than they were supposed to for their salaries on top of the
other money that they had already funneled out of the
bonds. It was also cited that the men
bought a Chevy Tahoe with investor funds, a Cadillac
Escalade, and that $400,000 of that money was used to buy Randy
Miller a new home. We are driving Tahoe.
(21:27):
Together we get in. We have boys nights on Fridays.
Fridays. Yeah, absolutely.
Fridays for the Boys. We go to our bowling league and
drink copious amounts of Bud Light.
Oh, they totally drink Bud Light0.
Yeah, Fuck yeah. Are you?
Kidding me? So it was opening day, January
of 2022. Investors were excited to see
(21:50):
their investment thrive like they had been promised.
However, they woke up to an unfortunate reality when Bell
Bank Park only had the a fraction of the demand that was
promised to them by the Millers.Bell Bank Park struggled to keep
afloat. It wasn't just that first
opening day that was lackluster,it seemed that the need for such
(22:13):
an elaborate Sports Complex might not have been there at
all. Like Kashawn said, yeah, there
were far fewer events and the attendance was lacking.
In 2022, Bell Bank Park had a revenue of under $28 million
FAR, which is honestly not bad. To be fair, that's what the
(22:35):
original person had said. That is what the original person
did from it, yes. Yeah, that that consultant was
correct, but it was even though that person was correct, it was
far less than the $96,000,000 that they had promised
investors. The park brought in a revenue of
60% less than was presented to the investors.
(22:59):
Due to the lack of attendance atthe park, the bonds quickly
fell. Legacy Cares was not able to
make the principal payments to the bondholders.
By October 2022, those bonds were in default.
There was an attempt to refinance them, but it was
unsuccessful. Legacy Cares had no other
(23:22):
options. They weren't able to pay their
investors. They hardly had money to keep
the lights on at their sprawlingcomplex.
On May 1st, 2023, less than a year and a half after their
initial opening, they filed for Chapter 11 bankruptcy.
There was no option but to sell Bell Bank Park.
(23:43):
It was sold for $26 million and now goes by the name of Arizona
Athletic Grounds. Investors lost out on this
investment entirely after selling the complex for
26,000,000. There were construction fees and
liens that had to be paid, and the bankruptcy only reclaimed
$2.5 million of the 284,000,000 that was raised.
(24:10):
Quick math, less than 1%. Yeah, I was trying to.
I was like, what is that percentage I?
Don't know it's like .9. .9 Yeah, it's bad.
That's bad. So Randy Miller, Chad Miller and
Jeffrey De la Vega have been charged with, quote, one count
of conspiracy to commit wire insecurities fraud, which
(24:32):
carries a maximum term of five years in prison.
One count of securities fraud and one count of wire fraud,
each of which carries a maximum term of 20 years in prison.
And one count of aggravated identity theft, which carries A
mandatory minimum sentence of two years in prison, according
to the US Department of Festus. Randy and Chad Miller must also
(24:54):
surrender any property that has been purchased with the bond
payments. So Randy lost his house.
And the Tahoe. No, not.
The Escalade. Not the Tahoe.
How are the boys gonna get to get to Boys Night on Fridays?
I don't know. No, they're not gonna.
They're not gonna. That's so sad.
Drop an F in the chat for For Boys night.
(25:16):
For fail they have not gone to court yet, so if we have an
update on their case we will update you.
Bell Bank Park not only fumble, but they have been permanently
placed in the penalty box. Randy, Chad and Jeffrey could
have had something great, their Sports Complex could have been
(25:38):
successful and amazing, but instead they let greed cloud
their judgement until they were completely in left field.
Wellbank Park is still struggling to be successful to
this day, even under new ownership.
The investors who put their hardearned money into this endeavor
will likely never see a return on their investment, and the men
(26:00):
behind it will end up in bars. In bars.
Oops, behind bars sounds. Like a fun time.
And the men behind it will end up behind bars.
Thank you so much for listening to this and submitted episode.
Thank you so much Constantine. We appreciate it.
(26:22):
This was a fun one. It was a little bit short, but
we appreciate it. I probably never would have
found this if I actually never would have found this if I
hadn't been sent this. So if you are listening and you
find a white collar Crime Story that you find interesting,
please send it our way. There's always unfortunately
(26:42):
white collar crime happening anda lot of it is slips through the
cracks sometimes, especially if it's local news.
So please send it our way. You can send us stories via
social media, all of our social media accounts.
We've got facebook.com white collars red hands.
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(27:05):
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You can also submit fan episode.You've also can I can't talk
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If you want a freeway to supportus, you know, go follow those
(27:27):
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(27:48):
It'll take you over to T public and you can buy some merch with
our little logo on it. Is there anything else that I'm
missing? I told it backwards.
Oh, tell a friend. I was just about to say.
Tell a friend about us, please please please please.
Word of mouth is the best way tospread news about a podcast, so
(28:09):
thanks. Or don't tell a friend, tell
your enemies. Or tell your enemies.
Show dominance, yell podcast recommendations at them.
Yes, until they're tired of and they can't take any more.
Yep. And then they'll then they'll
fucking leave you alone. Yep, that's that'll work too.
Yeah. All right, now I think that
might be it. Thank you so much for listening.
(28:32):
And we'll see you on another episode of White Collars, Red
Hands.
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