The bankruptcy filing comes not far behind a posting in the that revealed that the only successful project Wallace completed was an $84,000 swimming pool in his back yard.
Readers of The Amarillo Independent will recall the extensive reporting on these developers when Les Simpson, the publisher of the Amarillo Globe-News, was president of the Downtown Amarillo Inc. board. He and DAI Executive Director Melissa Dailey came to the then City Commission in November 2010 pushing hard for a quick decision to embrace the now disgraced development firm.
