It’s been years coming, but the final four HOA thieves in Las Vegas have been convicted. They helped steal millions of dollars from more than a dozen Las Vegas and Henderson homeowners. This organized crime/racketeering ring put fake board members in HOAs up and down the valley and steered HOA dues into the pockets of lawyers, politicians, police officers, public figures and others. The homeowners will never get their stolen money back. A federal judge has already predicted that.
It’ll be interesting to see what kinds of federal prison sentences these criminals get. Sadly, my prediction is that they’ll only spend about 18 months behind bars. Yes, they bankrupted untold numbers of homeowners. Logic tells you these hoodlums are imprisoned until all the victims are repaid. But federal prison sentences for white collar crime are very seldom any more than a year-and-a-half.