DreamVision Theme Park Developer Sentenced for Fraud

For those of you that remember the project, this will come as no surprise. Anyone remember a company named DreamVision that promised not one, but two theme parks opening in Alabama and Texas? Yes, the company claimed that they already had the 3 billion dollars in financing in place and they were ready to move forward with development of these music based theme parks shortly after announcing them in 2016.

Copyright DreamVision

From the very beginning, we started raising red flags about the DreamVision project. There were a ton of warning signs from the ridiculous and uninspired concept art (seen above) to city officials in Alabama never being contacted by DreamVision to get zoning of any kind.  Basically, we wrote articles to ensure that potential investors stayed away from this particular project. Because despite what they were saying, we did not believe that DreamVision already managed to secure over 3 billion in financing a few weeks after they made the announcements that this thing was opening.

Not surprisingly, we were right on the money… or no money, as the case may be. Bryan Keith Robinson, one of the head honchos of DreamVision, was just sentenced a 10-year prison sentence and ordered to repay $7 million back to investors. According to court documents, Robinson told 47 investors he would use their money to finance the theme park project, but instead used them “for personal expenses, for other investments not related to the stated purposes, for which the investors would not have agreed, and to repay in Ponzi-style payment monies to other investors.”

Copyright DreamVision

DreamVision was not the first company financing a theme park who managed to swindle investors money and it certainly won’t be the last.  Indeed, it would be really cool to own part of a new and upcoming theme park project. But these are beasts to develop, market and operate.  Do your homework before investing. It’ll save you a lot of headache and money in the long run.

Make sure to follow Theme Park University on Instagram on Twittersubscribe to YouTube and like our Facebook page! Want to support Theme Park University? Donate via Paypal! Doing any online shopping? Click on any Amazon link on this page and it helps TPU pay the bills and costs you nothing extra!

 

Comment Below

comments

This entry was posted in Theme Parks 101 and tagged , , , , . Bookmark the permalink. Trackbacks are closed, but you can post a comment.
  • Ad
  • Search Theme Park University

  • Categories

  • About Theme Park University

    TPU covers how attractions are designed, constructed, operated and maintained.

    In addition to theme parks, we cover anything in the world of themed entertainment from dinner shows to immersive theater, haunted attractions to miniature golf and much much more.

    Contact Us

  • Support TPU on Amazon

    Doing any online shopping? Search Amazon using this link. It helps TPU pay the bills and costs you nothing extra.


  • Latest Tweets

    Today we bring you a MASSIVE photo update of Warner Brothers World in Abu Dhabi! Click here for TONS of photos: wp.me/p3ei1A-3QB pic.twitter.com/HwQN…

  • Subscribe to Blog via Email

    Enter your email address to subscribe to this blog and receive notifications of new posts by email.

    Join 12,571 other subscribers

  • Log in to comment

Powered by WordPress. Built on the Thematic Theme Framework.

The views and opinions of Theme Park University Staff are not associated with any themed entertainment company and are clearly our own. Please don't sue us.

%d bloggers like this: