Father and son indicted in New York over failed Arizona sports complex
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 01 2025
0mins
Source: Reuters
Indictment of Father-Son Duo: Randy and Chad Miller have been indicted for defrauding investors in a failed Arizona sports complex, Legacy Park, leading to over $200 million in losses. They face multiple charges including securities fraud and conspiracy.
Fraudulent Activities: The Millers allegedly inflated projected revenues through forged documents and misappropriated funds for personal expenses, resulting in the bankruptcy of Legacy Park shortly after its opening and significant financial losses for bondholders.
Analyst Views on AB
Wall Street analysts forecast AB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AB is 42.67 USD with a low forecast of 40.00 USD and a high forecast of 46.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
1 Buy
3 Hold
0 Sell
Hold
Current: 39.730
Low
40.00
Averages
42.67
High
46.00
Current: 39.730
Low
40.00
Averages
42.67
High
46.00
About AB
AllianceBernstein Holding L.P. is a global investment management and research company. It provides diversified investment management, research, and related services to a range of clients. It offers Institutional Services to its institutional clients, which include private and public pension plans, foundations and endowments, insurance companies, central banks, and governments worldwide, and affiliates, such as Equitable Holdings, Inc. (EQH) and its subsidiaries. It offers retail services to its retail clients, primarily by means of retail mutual funds sponsored by the Company or an affiliated company, sub-advisory relationships with mutual funds sponsored by third parties, separately managed account programs sponsored by financial intermediaries worldwide and other investment vehicles. It offers Private Wealth Management services to its private clients, including high-net-worth individuals and families, trusts and estates, charitable foundations, partnerships, and other entities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
