We haven’t heard much lately about the Las Vegas Homeowner Association scandal and the federal investigation which has already obtained ten guilty pleas against public figures for corruption. But, we may as well do this blog to keep Las Vegas criminality in the headlines.
The Mountain’s Edge Homeowner Association is being sued by investors who tried to snatch up foreclosed homes in the Vegas area. In the mortgage collapse, investors have taken a huge risk in trying to buy up homes which were abandoned by bankrupted homeowners. Those investors are just about the only financial thread keeping entire neighborhoods from going under.
It could be the first of many; but the first actual indictment for corruption in the Las Vegas Homeowners Association investigation was handed down Friday, December 9th.
Dax Lee Louderman, a former employee of a construction company, was charged with stealing more than a half million dollars in a construction defect case. Louderman was charged with 13 counts of theft from the Stone Canyon HOA.