# KeyCity Capital Fraud News

> Links to third-party news, court dockets and Texas State Securities Board orders on fraud allegations and lawsuits involving KeyCity Capital and Tie Lasater. Allegations are not findings of wrongdoing. Not affiliated with any party.

Last updated: 2026-10-13T15:21:24.638102+00:00
Canonical: https://keycityfraudnews.com/
Corrections: corrections@keycityfraudnews.com

## Summary

On June 9, 2026, the Texas State Securities Board announced an Emergency Cease and Desist Order (ENF-26-CDO-1898) concerning a Southlake, Texas real estate investment firm, according to the regulator. In August 2026 the Board entered an Agreed Order and Undertaking (ENF-26-CDO-1899) that set aside the emergency order; agreed orders of this kind typically do not include an admission of the allegations, and readers should consult the document for its terms. Investors have also filed civil lawsuits naming Tie Lasater and others, including Skaugstad et al. v. Lasater et al. (S.D. Iowa) and Nobles v. Lasater et al. (S.D. Cal.). Claims in these cases are allegations only; no court has made findings on them, and the defendants may dispute them. News outlets have reported investors' accounts of losses. The links below lead to that third-party reporting.

## FAQ

### What is KeyCity Capital?

According to news reports linked on this page, KeyCity Capital is a Texas-based real estate investment firm associated with Tie Lasater. Lasater Capital is a related name used in reporting and court filings. This site is not affiliated with either.

### What did the Texas State Securities Board do?

On June 9, 2026, the Texas State Securities Board announced Emergency Cease and Desist Order ENF-26-CDO-1898 concerning a Southlake, Texas real estate investment firm. In August 2026 the Board entered Agreed Order and Undertaking ENF-26-CDO-1899, which set aside the emergency order. See the orders themselves for their terms.

### What lawsuits name Tie Lasater?

Court dockets list Skaugstad et al. v. Tie Lasater et al., No. 3:25-cv-00127 (S.D. Iowa), filed in November 2025, and Nobles v. Lasater et al., No. 3:26-cv-02030 (S.D. Cal.), filed in March 2026. The claims are allegations; no court has made findings on them, and the defendants may dispute them.

### Where can I find the orders?

Both orders are published by the Texas State Securities Board: ENF-26-CDO-1898 at https://www.ssb.texas.gov/sites/default/files/2026-06/ENF-26-CDO-1898.pdf and ENF-26-CDO-1899 at https://www.ssb.texas.gov/sites/default/files/2026-08/ENF-26-CDO-1899.pdf.

## Sources

- [Texas real estate 'fin-fluencer' Tie Lasater settles case accusing him of misleading investors](https://finance.yahoo.com/real-estate/articles/texas-real-estate-fin-fluencer-120000503.html?fr=sycsrp_catchall) - Yahoo Finance, 2026-08-18
- [Agreed Order and Undertaking ENF-26-CDO-1899 (PDF)](https://www.ssb.texas.gov/sites/default/files/2026-08/ENF-26-CDO-1899.pdf) - Texas State Securities Board, 2026-08-15
- [Southlake Real Estate Guru Tie Lasater Accused As Empire Unravels](https://news.google.com/rss/articles/CBMimwFBVV95cUxPOFRrbmdJcGVmVzhGVzhScUxJdFI4cEg1SjlMb0huN3gyNTJUTHVVd3JGRTUxTWRuT2VNVWNUa3FEZ2E2bExYNEFkZWdfdERYMzV5THdKLTQzRGtHa2lqQjNoMGQ0T3VZMHozaWhVQjdUVmZDMEJiQ3FWTUliYXVRRHB2bVY4cFQycjdZMEp2TWtJVTY2M1pKRlNxRQ?oc=5) - Hoodline, 2026-07-31
- [As Texas real estate guru Tie Lasater built a millionaire brand, investors say they lost their savings](https://www.houstonchronicle.com/news/investigations/article/lasater-keycity-capital-housing-investors-22243141.php) - Houston Chronicle, 2026-07-21
- [Texas State Securities Board Enters Emergency Order Against Southlake Real Estate Investment Firm](https://www.ssb.texas.gov/news-publications/texas-state-securities-board-enters-emergency-order-against-southlake-real-estate) - Texas State Securities Board, 2026-06-09
- [Emergency Cease and Desist Order ENF-26-CDO-1898 (PDF)](https://www.ssb.texas.gov/sites/default/files/2026-06/ENF-26-CDO-1898.pdf) - Texas State Securities Board, 2026-06-09
- [Nobles v. Lasater et al, No. 3:26-cv-02030 (S.D. Cal.) – docket](https://www.pacermonitor.com/public/case/63891094/Nobles_v_Lasater_et_al) - PacerMonitor (court docket), 2026-03-31
- [Skaugstad et al v. Tie Lasater et al, No. 3:25-cv-00127 (S.D. Iowa) – docket](https://www.pacermonitor.com/public/case/61273276/Skaugstad_et_al_v_Tie_Lasater_et_al) - PacerMonitor (court docket), 2025-11-18