Pair of Frisco entrepreneurs ordered to pay $400M in damages to Georgetown business over alleged fraud scheme

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Frisco entrepreneurs Gopala Krishnan and Sakthivel Gounder were ordered to pay $400 million in damages to a Georgetown-based business after being found liable for breach of contract and fraud by a Williamson County jury. The pair concocted promotional materials for a luxury development called “The District” that they claimed was going to be built around the San Gabriel River. Krishnan and Gounder were sold the land by the company that sued them, Energy Commissioning Incorporated, owned by Marshall Hussain. Energy Commissioning was subsequently hired by the pair for $21 million to build necessary infrastructure for a 400-acre, luxury waterfront development [...] This article originally appeared on The Real Deal. Click here to read the full story.