parks
Frisco businessmen ordered to pay $400 million in damages for fraud scheme
By NBC 5 Dallas-Fort Worth (KXAS) - Local
· July 15, 2026
· 1 min read
The 400-acre waterfront development looked like an oasis in the heart of Central Texas. It turned out to be little more than a mirage.
The glossy promotional materials showed cobblestone streets lined with shops, restaurants and parks. Modern and historic-looking office buildings were scatter...
Key takeaway Last week, a jury in Williamson County ordered Gopala Krishnan and Sakthivel Gounder to pay more than $400 million in damages to Energy Commissioning Inc.
Why this matters in Frisco News
The $400 million damages ordered against two Frisco businessmen for their role in a fraudulent development scheme has significant implications for the local business community. While the proposed luxury development was slated for Central Texas, the fact that the masterminds behind the scheme are from Frisco raises questions about the city's reputation as a hub for legitimate business dealings. The case also highlights the importance of due diligence for companies looking to invest or partner with other businesses in the area. As Frisco continues to grow and attract new businesses, it will be crucial for city leaders to ensure that the community is protected from similar fraudulent activities. The city's economic development efforts may need to be re-examined to prevent such schemes from happening in the future, and to maintain the trust of businesses and investors in the region.
About this story
Original reporting by NBC 5 Dallas-Fort Worth (KXAS) - Local . Frisco News surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit NBC 5 Dallas-Fort Worth (KXAS) - Local . Have a tip or correction? Contact our newsroom .
Category: parks ·
Published: July 15, 2026 ·
Source: NBC 5 Dallas-Fort Worth (KXAS) - Local ·
Reading time: 1 min
Get more Frisco News stories like this
Free weekly briefing covering parks and other local news. Curated by our editorial team. No spam.
By subscribing you agree to our privacy policy . Unsubscribe anytime.
Frequently asked about this story
What is this story about? The 400-acre waterfront development looked like an oasis in the heart of Central Texas. It turned out to be little more than a mirage.
The glossy promotional materials showed cobblestone streets lined with shops, restaurants and parks. Modern and historic-looking office buildings were scatter...
When was this published? This article was first published on July 15, 2026 by NBC 5 Dallas-Fort Worth (KXAS) - Local and curated for Frisco News readers.
Who reported this story? This story was reported by NBC 5 Dallas-Fort Worth (KXAS) - Local. To learn more about how Frisco News selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more parks coverage from Frisco News, or browse our daily briefing and topic hubs .
← Back to all news
More parks →
Today’s briefing
Subscribe to newsletter