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Frisco businessmen ordered to pay $400 million in damages for fraud scheme
Summary by Frisco News Editorial Desk NBC 5 Dallas-Fort Worth (KXAS) - Local
· July 15, 2026
· 1 min read
Photo: NBC 5 Dallas-Fort Worth (KXAS) - Local · view original
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Summary created by Frisco News Editorial Desk — automated, rule-governed Published by NBC 5 Dallas-Fort Worth (KXAS) - Local Original story Read at the source Source published Jul 15, 2026 AI assistance Automated summary drawn from the source’s own published text Prepublication human review No — editorial rules, flagged-item review, and published samples
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Key points Further details about the case and the businessmen involved, Gopala Krishnan and Sakthivel Gounder, are available through NBC 5 Dallas-Fort Worth. A jury in Williamson County has ordered two Frisco businessmen to pay over $400 million in damages.
A jury in Williamson County has ordered two Frisco businessmen to pay over $400 million in damages. The ruling is related to a fraudulent plan involving a proposed luxury development in Central Texas.
The development was touted as a 400-acre waterfront oasis with shops, restaurants, and office buildings. However, it was reportedly never intended to be built.
Further details about the case and the businessmen involved, Gopala Krishnan and Sakthivel Gounder, are available through NBC 5 Dallas-Fort Worth.
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NBC 5 Dallas-Fort Worth (KXAS) - Local reported and published this story. Frisco News selected it, summarised the key facts above, and links to the original. We did not report this story and we added no reporting of our own to it.
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Category: parks Published: July 15, 2026 Source: NBC 5 Dallas-Fort Worth (KXAS) - Local Reading time: 1 min
Frequently asked about this story
What is this story about? A jury in Williamson County has ordered two Frisco businessmen to pay over $400 million in damages. The ruling is related to a fraudulent plan involving a proposed luxury development in Central…
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 .
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