(Memphis) Real estate developer Chuck Roberts has close ties to Southaven Mayor Greg Davis.
The two bought a luxury condo together in Florida.
Also, in the last 3 years, Roberts has reportedly made millions of dollars entering into real estate deals with the city.
Now, some of Roberts’ deals are being investigated by Mississippi Real Estate Commission.
Publicly, Chuck Roberts is known as the voice of the University of Memphis Tigers.
Professionally he’s known for his many real estate dealings in North Mississippi.
“At the present time we do have a formal complaint that’s been filed against Chuck Robert’s real estate firm,” said Robert Praytor, Exec. Dir. Mississippi Real Estate Commission.
Roberts’ name surfaced during our On Your Side Investigation into Southaven Mayor Greg Davis.
Records show in 2006 they jointly purchased a luxury condo in Florida, and in last 3 years Roberts has reportedly made more than $3 million from business with the city.
News Channel 3 told you about one of those deals earlier this year.
“I was under the understanding that I was selling it to a group of investors,” Jimmy Dodson said in January.
Dodson sold 20 acres to a company owned by Roberts for $325,000.
Roberts turned around the same day and sold it to the city for a $45,000 profit.
Dodson heard rumors the city might have been interested but says when he inquired he didn’t get a straight answer, “It wouldn’t have transferred that day and automatically transferred the next day so there had to be something going on between somebody.”
The Mississippi Real Estate Commission won’t say if this deal is part of its investigation.
Praytor said, “It’s a combination on that particular one. A member of the public and some other information that was sent to the real estate commission.”
We wanted to ask Roberts about the investigation but a woman came to the office door and locked it.
It might stay that way if the commission finds he’s broken laws or been unethical.
Praytor described the discipline the agency can give, “It runs pretty much from like a minor slap on the wrist, to a total revocation which would put them out of business permanently.”
The Mississippi Real Estate Commission said its investigation is almost complete.
They will turn over findings to their legal division and wait for a recommendation about the complaints against Chuck Roberts.