DENVER (CBS4) — Fifty-year-old Lone Tree resident Tyler Tysdal, facing more than 70 felony charges in two separate criminal cases, reached a plea deal with prosecutors from the Denver District Attorney’s Office June 24. He pleaded guilty to one count of securities fraud in each of the cases.
Tysdal agreed to pay back $18.5 million to clients who deposited funds into Tysdal’s investment schemes, the Denver DA’s Office announced in a press release Thursday.
Those investors included celebrities, athletes and entertainers.
Their investments totaled more than $46.5 million.
“Tyler Tysdal conned people by making promises of exorbitant profits with little risk and by withholding the truth about his business dealings and operations,” said Denver DA McCann. “These are all telltale signs of a scam that reinforce…