Sunday, March 6, 2011

Look Out For A Major Scandal In Las Vegas Regarding HOA

Las Vegas is big on many things and one of the biggest things the Las Vegas Valley does is the operation of Home Owner Associations.
HOA's can be gentle and not harass their neighbors and use common sense when it deals with homeowners.
On the other hand, there are few HOA's that have board members who believe they are little Hitlers in how they enforce HOA rules and now some are going to be in trouble.
From the LVRJ: Federal prosecutors have identified 75 to 100 co-conspirators, including judges, attorneys and former police officers, at various levels of a massive fraud scheme involving Las Vegas Valley home­owners associations, the Las Vegas Review-Journal has learned.
Some 25 to 30 targets of the investigation are taking plea deals that will ensure their cooperation in the prosecution of as many as two dozen high-level players in the scheme.
Some of the plea deals will be finalized in meetings with prosecutors from the Justice Department's Fraud Section Tuesday and Wednesday at the FBI's Las Vegas field office. Prosecutors expect to seek grand jury indictments against the high-level players in coming weeks.
The long-running investigation appears to be entering a new phase at the hands of the Justice Department lawyers from Washington, D.C., who recently took over the case.
The shift came in part because of suspicion that the U.S. attorney's office in Las Vegas had stalled the investigation.
The fraud investigation became public 2½ years ago with raids of law firms, HOA offices and businesses across the Las Vegas Valley.

http://www.lvrj.com/news/federal-probe-into-valley-hoas-broadens-117482798.html
Further in the article: FBI agents reportedly seized records related to a scheme to rig homeowner association board elections to position conspirators, including former police officers, who would push the boards to file construction defect lawsuits against builders.
Legal work and multimillion-dollar repair contracts then would be funneled to associated lawyers and companies.
The Washington-based prosecutors have arranged the plea agreement meetings away from the U.S. attorney's office, where prosecutors are themselves under criminal investigation, suspected of leaking information to suspects.

This has the potential to bring down some politicians and judges and it can be one of the biggest scandals in Las Vegas history and there have been some big scandals in the Vegas Valley.
This morning, as people who are involved in this investigation read the newspaper, all collectively pooped in their pants when they read this article.

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