Larry Michael King, the former owner of a Boulder Title Company, was sentenced to 5 years in prison and 8 years mandatory probation for the fraud and swindling of home buyers with estimated damages of tens of thousands of dollars.
King was arrested in January 2010 and charged with defrauding a secured creditor, theft and criminal attempt to commit defrauding a secured creditor. The charges were based on his manipulation of real estate transactions to pull in proceeds for himself. King pleaded guilty.
King owned Big Rock Title LLC, 4410 Arapahoe Ave. in Boulder, CO.
In one case, King defrauded a creditor and made over $173,000 in profit by the end of the deal, and left the creditor paying a mortgage that he couldn’t until his credit was ruined.
As a former Assistant U.S Attorney, I have had experience in many cases like this. These are very serious charges and this person needed a very good attorney experienced in federal criminal charges.