Las Vegas (NV) Contractor Sentenced to 15 Years in Prison for $58M HOA Fraud Case

A former construction boss from Las Vegas was sentenced to 188 months in prison for his role in a $58,141,275 million scheme to fraudulently gain control of condominium homeowners’ associations (HOAs) in the Las Vegas area to secure construction and other contracts for himself and others. Forty-two individuals have been convicted of crimes in connection with the scheme.     Read the article………..


Related Articles

Observers watching strict new construction-defect rules (NV)

Real estate observers said they’re watching how strict construction-defect rules that took effect in February will shape the market for

Should condo owners press their boards to seek FHA approval?

Note that Fannie Mae and Freddie Mac have condo requirements that are similar to those of FHA, though less extensive.

West Palm Beach (FL) man buying up condos and using them for sober living

Ken Bailynson is buying up condos at a rapid rate at Green Terrace Condos and converting them into sober living