Colorado
College football Week 2 scores, games: Boise State vs. Oregon
The first top-10 matchup of the season was a lopsided blowout, but we got our first major upset of the season Saturday.
No. 5 Notre Dame was stunned at home by Northern Illinois, 16-14. The Huskies drove down for a 35-yard field goal by Kanon Woodill with just over 30 seconds left in the game and then blocked the Irish’s own attempt to win it as time expired.
In the marquee showdown Saturday, No. 3 Texas left no doubt as to which team is the contender against No. 10 Michigan, blowing out the Wolverines 31-12 at the Big House.
Elsewhere, No. 17 Kansas State survived against Tulane after a controversial finish and No. 16 Oklahoma State rallied back to beat Arkansas in double overtime.
In the evening window, Colorado was blitzed by Nebraska in the first half before settling for a 28-10 loss, No. 4 Alabama struggled through three quarters before turning on the jets late against USF and No. 14 Tennessee hammered No. 24 NC State in a blowout.
Follow the rest of the evening’s action below.
Live135 updates
The Colorado Division of Securities is pursuing legal action against a man whom it claims deceived investors and used the ownership of federally supported low-income housing projects to line his own pockets.
Securities Commissioner Tung Chan announced its civil court filings against Michael Dale Graham, 68, on Nov. 12.
Chan’s office filed civil fraud charges against Graham, and also asked for a temporary restraining order and freezing of Graham’s assets and his companies’. A Denver district court judge immediately granted both. Since then, two court dates to review the those orders have canceled; a third is scheduled for mid-January.
Graham operates Sebastian Partners LLC, Sebastiane Partners LLC, and Gravitas Qualified Opportunity Zone Fund I LLC (“GQOZF”), all of which were controlled by Graham during his “elaborate real estate investment scheme,” as described by the securities office in a case document.
The filing states Graham collected more than $1.1 million from eight investors to purchase three adjacent homes in Aurora. The Denver-based Gravitas fund and its investors purportedly qualified for the federal Qualified Opportunity Zone (QOZ) program with the homes. Qualified Opportunity Zones were created by the Tax Cuts and Jobs Act passed by Congress in 2017. The zones encouraged growth in low-income communities by offering tax benefits to investors, namely reductions in capital gains taxes on developed properties.
Graham formed Gravitas in early 2019 and purchased the three homes located in the 21000 block of E. 60th Avenue two years later. He quickly sold one of them with notifying investors, according to the case document. While managing the other two, Graham and Gravitas transferred the fund’s assets and never operated within QOZ guidelines to the benefit of its investors or the community, according to the state.
Gravitas also transferred the titles for the two properties to Graham privately. As their owner, Graham obtained undocumented loans from friends totaling almost $600,000. The two loans used the two properties as security.
Gravitas investors were never informed of the two loans, according to the case document. Also, Gravitas never sent its investors year-end tax reports, the securities office alleges.
Graham used the proceeds of the loans for personal use. No specific details were provided about those uses.
“Effectively, Graham used Gravitas as his personal piggy bank,” as stated in the case document, “claiming both funds and properties as his own. Graham never told investors about the risks associated with transferring title to himself. On September 1, 2023, he sent a letter to investors, stating that the properties ‘we own’ are doing well and generating growth due to record-breaking home appreciation. But Gravitas no longer owned the properties.
“Gravitas no longer had assets at all.”
Furthermore, the securities office said Graham failed to notify investors of recent court orders against him in Colorado and California. In total, Graham was ordered to pay more than $1 million in damages related to previous real estate projects.
Graham’s most recent residence is in Reno, Nev., according to an online search of public records. He evidently has previously lived in Santa Monica, Calif., and Greenwood Village.
Watch CBS News
Be the first to know
Get browser notifications for breaking news, live events, and exclusive reporting.
COLORADO SPRINGS, Colo. (KKTV) – Police are searching for a missing at-risk adult.
They said 20-year-old Brandon Hugney was last seen Saturday night, around 7 p.m., at the Walmart on Platte avenue.
They shared a picture of Hugney, describing him as a 6′ man last seen wearing black-framed glasses with red trim, a grey fleece, blue pajama pants and black and white slippers.
Police said he likely isn’t properly dressed for the weather and was last seen heading west behind Walmart.
If you know where he is or see him, call police at (719) 444-7000.
Copyright 2024 KKTV. All rights reserved.
Delaware Lottery Play 3 Day, Play 3 Night winning numbers for Dec. 22, 2024
SpaceX launches 21 Starlink internet satellites from Florida, lands rocket at sea (photos)
Georgia Ann Udby
Hawaii surfer Landon McNamara wins the 2024 Eddie Aikau Big Wave Invitational
A stormy weather pattern sets in for Idaho
Colorado Rockies game no. 116 thread: Zac Gallen vs José Ureña
Why Marjorie Taylor Greene was ‘kicked out’ of the Freedom Caucus according to Rep. Buck
See it: Tesla crashes into Columbus convention center at 70 mph
Fox News Politics: Georgia the whole day through
Death of missing Oregon girl found in stream ruled homicide
Trump names several new White House picks to work on AI, crypto and more: 'America First Patriots'
Small plane crashes into Brazil town popular with tourists, killing 10
Who is Sebastian Zapeta? Guatemala migrant set a woman on fire on New York City subway
Fetterman: Those hoping Trump fails are 'rooting against the nation'
AfD party calls for big rally after Germany's Christmas market attack
-
Politics1 week agoCanadian premier threatens to cut off energy imports to US if Trump imposes tariff on country
-
/cdn.vox-cdn.com/uploads/chorus_asset/file/25789444/1258459915.jpg "OpenAI cofounder Ilya Sutskever says the way AI is built is about to change")
Technology1 week agoOpenAI cofounder Ilya Sutskever says the way AI is built is about to change
-
Politics1 week agoU.S. Supreme Court will decide if oil industry may sue to block California's zero-emissions goal
-
/cdn.vox-cdn.com/uploads/chorus_asset/file/25546252/STK169_Mark_Zuckerburg_CVIRGINIA_D.jpg "Meta asks the US government to block OpenAI’s switch to a for-profit")
Technology1 week agoMeta asks the US government to block OpenAI’s switch to a for-profit
-
Business1 week agoFreddie Freeman's World Series walk-off grand slam baseball sells at auction for $1.56 million
-
/cdn.vox-cdn.com/uploads/chorus_asset/file/23951353/STK043_VRG_Illo_N_Barclay_3_Meta.jpg "Meta’s Instagram boss: who posted something matters more in the AI age")
Technology1 week agoMeta’s Instagram boss: who posted something matters more in the AI age
-
News1 week agoEast’s wintry mix could make travel dicey. And yes, that was a tornado in Calif.
-
/cdn.vox-cdn.com/uploads/chorus_asset/file/24924653/236780_Google_AntiTrust_Trial_Custom_Art_CVirginia__0003_1.png "Google’s counteroffer to the government trying to break it up is unbundling Android apps")
Technology2 days agoGoogle’s counteroffer to the government trying to break it up is unbundling Android apps