Rags-to-riches story will likely end in prison for Seattle-area real-estate developer Dargey

The sale closed at the end of November, according to the Thurston County Assessor’s Office. The seller was identified as "Johnson Point Beach House," the assessor data shows.

rags to riches story will likely end in prison for seattle area real estate developer lobsang dargey . Rags-to-riches story will likely end in prison for Seattle-area real estate developer Lobsang Dargey:.

After sentencing him to prison, judge counsels Dargey to remember it’s about love, not money. Dargey pleaded guilty earlier this year to conspiring to commit wire fraud and concealing information from federal authorities. He faced up to 10 years in prison. Lasnik called Dargey’s action reckless, but not intentional.

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Developer Lobsang Dargey was sentenced Friday for conspiracy to commit wire fraud and concealing information from the federal government, charges that stemmed from his diversion of millions of dollars gathered from some 280 Chinese investors who hoped to earn green cards for permanent U.S. residency under the EB-5 visa program.

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The reason he is where he is now is because of his incredible dedication to hard work, a trait he has tried to instill in me. To put it one way, the only way I will ever feel if I have lived up to his expectations is if add an M.D. to my name. (Working on that!) That is my fathers literal rags to riches story.

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Rags-to-riches story will likely end in prison for Seattle-area real-estate developer Dargey. As part of a plea deal with prosecutors, Dargey, 43, has agreed to serve up to 10 years in federal prison and refund millions of dollars to his victims.

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