Sean McCray is accused of defrauding 17 real estate investors of more than $1.4 million. His victims are said to be a group of “sophisticated and knowledgeable real estate professionals.”
A Colorado grand jury indicted a 54-year-old man on 18 felony counts of securities fraud. His victims are said to be a group of “sophisticated and knowledgeable real estate professionals.”
The Colorado Attorney General’s Office alleges that Sean McCray lied to real estate investors and defrauded them of $1.4 million out of approximately $4 million he collected from 17 people for fix-and-flip real estate investments.
According to the indictment, McCray spent $1.5 million on property acquisitions, $947,000 on property improvements, and used the remaining funds for personal expenses and cash withdrawals.
This isn’t the first time Mr. McCray has run into trouble with the law, nor is it the first time he’s been accused of helping himself to the funds he was entrusted with. In 2017, McCray was charged with stealing funds from a high school football booster club in Wisconsin. He was also charged with embezzlement for stealing money from a machine shop. He pleaded guilty to misdemeanors and avoided prison time in those cases.
Yet another company connected to McCray, construction company Peak 360 Services, was involved in a 2021 lawsuit alleging “breach of contract, negligence, fraud, unjust enrichment” and other charges related to the construction of a fire station in Lake County, Colorado. On December 24, 2025, the County was ordered to pay $473,107 in damages, plus attorney’s fees, costs, and statutory interest.
“If any of us had the brains to Google his name, we would have seen previous articles about his thefts,” Denver real estate agent Sandy Heunes told BusinessDen. “But none of us had the brains to do it.”
According to prosecutors, McCray’s largest victim lost $400,000 and his smallest victim lost $25,000. Hunes lost $50,000 and described a conference call in which a woman cried because she had lost her retirement savings in the plan.
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