Sports Park Promoters Get Prison for $280 Million Bond Fraud

A father and son were each sentenced to years in prison for misleading firms like Vanguard Group Inc. and AllianceBernstein Holding LP about the prospects of an Arizona sports complex backed by $280 million in municipal bonds.

Manhattan US District Judge Lewis Kaplan on Tuesday gave Randy Miller six years behind bars and his son, Chad Miller, five years. The pair pleaded guilty four months ago to using fabricated documents to claim their Legacy Park development had deals with professional sports organizations, including British football powerhouse Manchester United, to use it for training.

The Millers had failed to find ...