Scott Lumley
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Scott Lumley | |
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| Born | January 26, 1968 Dyersburg, Tennessee, U.S. |
| Education | University of Tennessee at Martin |
| Occupation(s) | Businessman, writer, former competitive rodeo rider |
Scott Lumley is an American businessman and writer. Lumley is also the former owner of the Music City Stars, previously known as the Nashville Broncs, an expansion team in the American Basketball Association (ABA) that played from 2009 to 2010.
Business endeavors
[edit]Lumley started researching liquidation sales and returns. He eventually turned a $250 pallet of products bought from overseas and flipped them into $4800 over several weeks.[1] Lumley founded Resolve Commercial in 2010 and he currently acts as the CEO.[2] Resolve Commercial focuses on developing large residential developments in the Middle Tennessee area.[3]
Legal issues
[edit]In 2015, Scott Lumley pleaded guilty to wire fraud and money laundering. Lumley admitted that as the owner of Bluebuyou; a wholesale distributor, he had made misrepresentations to a customer to which he had sold $200,000 of energy drinks. He admitted that he had forged the bills of lading and that the drinks had never been shipped and that the company did not have enough product to satisfy the sale. He was sentenced later that year and agreed to pay full restitution to the customer.[4][5]
Prison Time
[edit]On July 19th, Lumley was sentenced to 47 months In federal prison for charges of bank fraud.
Publications
[edit]- Lumley, Scott (2018). Entrepreneur's Pocket Guide: The Success Secrets To Structuring And Scaling Your Business. CreateSpace Independent Publishing Platform. ISBN 978-1987706185.
- Lumley, Scott (2018). Don't Look Me Up: The Scott Lumley Stories. ASIN B07BN85D4R.
References
[edit]- ^ Staff. "Local entrepreneur aims for nothing but net with Broncs franchise". nashvillecitypaper.com.
- ^ Everett, Laurie (September 3, 2015). "City Center to bring restaurants, boutiques, upscale feel". The Wilson Post.
- ^ Humbles, Andy. "Mt. Juliet industrial site to become colorful strip center". The Tennessean. Retrieved March 15, 2017.
- ^ "Former Owner of Madison Wholesale Distributor Pleads Guilty to Wire Fraud and Money Laundering". Federal Bureau of Investigation. Retrieved March 15, 2017.
- ^ "Hendersonville man pleads guilty in Red Bull scheme". The Tennessean. June 10, 2015. Retrieved August 2, 2018.