Infamous Embezzler Gets 30 Days!

Ah, Las Vegas. “How we love ya, How we love ya.”

Get caught drunk driving and you might get a year behind bars. Embezzle a million bucks, cost fifty people their homes and you get 30 days!

Massoud Aaron Yashouafar is known in three states for his enormously fishy real estate deals. And he’s the big cheese behind the Paradise Spa scandal in Las Vegas. Much of the Homeowners Association burned to the ground in 2010, but somehow a million dollars in insurance money found its way to Yashouafar’s pockets instead of the homeowners. 

Originally, the burned condos could have been rebuilt. But it took so much time to deal with the ruins that the county finally demolished them. To rub salt in the wounds of the homeless HOA members the county filed liens on the ruined units and sent the owners bills to pay for the demolition job. Ah yes, all those displaced homeowners are still on the hook for monthly dues!

Meanwhile Yashouafar gets thirty days.

Love ya, Las Vegas.

Ya got class!

(click here for Darcy Spears’ Hall of Shame’ report)


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Ward Lucas is a longtime investigative journalist and television news anchor. He has won more than 70 national and regional awards for Excellence in Journalism, Creative Writing and community involvement. His new book, "Neighbors At War: the Creepy Case Against Your Homeowners Association," is now available for purchase. In it, he discusses the American homeowners association movement, from its racist origins, to its transformation into a lucrative money machine for the nation's legal industry. From scams to outright violence to foreclosures and neighborhood collapses across the country, the reader will find this book enormously compelling and a necessary read for every homeowner. Knowledge is self-defense. No homeowner contemplating life in an HOA should neglect reading this book. No HOA board officer should overlook this examination of the pitfalls in HOA management. And no lawyer representing either side in an HOA dispute should gloss over what homeowners are saying or believing about the lawsuit industry.

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