It’s another sad day for Nevada homeowners. Federal Judge James Mahan has given another one of the Las Vegas HOA swindlers a sissy sentence. Organized crime swindler Charles McChesney was sentenced to 30 months in federal prison. Ultimately, he’ll only spend 15 months there.
Homeowners in Nevada lost untold millions of dollars when this crime ring ripped off Homeowners Associations all across the valley. They’ll never get a dime of that back. This was a vicious financial crime that completely changed the lives of many decent working and/or retired people. To give these swindlers only 30 months is a crime in itself. Even though only a dozen Homeowners Associations were named as victims in the case, inside information says there may have been hundreds more.
The FBI generated about four million pages of evidence and testimony. Had the investigation exposed the entire Nevada scam the evidence could have run into the hundreds of millions of pages.
Think of this: If crooked HOAs and management companies across the country were put through the same kind of investigative scrutiny there would be millions of convictions. There just aren’t enough prisons to hold everyone.
Yes, it’s a sad day for Nevada. But it’s even sadder for the rest of the country.