Category Archives: Nevada

Infamous Embezzler Gets 30 Days!

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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)

 

The Earth Shakes In Nevada!

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Unbelievable!

Nevada, where HOA bigwigs have been smacked with dozens of federal indictments and convictions for racketeering, is now leading the nation in trying to offer due process to homeowners. It’s only a proposal in the Nevada Real Estate Division, but what a concept!

Due process.

It’s just a handful of words in some obscure part of the Constitution.

But it’s almost beyond comprehension that Nevada homeowners might someday have real access to the Bill of Rights. 

(click here for text of the Due Process proposal)

 

Massive HOA Document Dump In Las Vegas Investigation

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More than three million pages of investigative information have been given under discovery to defense attorneys of Leon Benzer, the Las Vegas club owner and businessman accused of masterminding one of the largest HOA scams in history. The long running FBI and U.S. Attorney investigation uncovered dozens of lawyers, police officials, business owners and HOA management companies also involved in the scam.

Federal investigators say the suspects rigged elections in Homeowners Associations, putting their own associates in control of the HOA boards. Some of those faux board members were not even residents of the communities where they were ‘elected’. Those rigged boards then diverted tens of millions of dollars of insurance reimbursements into the pockets of Benzer and the other defendants.

One of the victims of the takeover scheme was the Vistana Homeowners Association. In a separate filing, attorneys for Vistana are asking a federal judge to allow it access to the Benzer documents.

At one point in the federal investigation, more than a hundred Nevada Homeowners Associations, primarily in Las Vegas were targeted by the feds. 

original source:    http://tinyurl.com/lbs4yye 

Definition of an Arrogant Jackass?

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I always love to blog about, and link to, Darcy Spears and the HOA Hall of Shame feature she does for KTNV television in Las Vegas. She was one of the first television reporters in the nation to regularly investigate and expose the wrongdoings of Homeowners Associations. Of course, the criminal empire in Las Vegas generously provides her with lots of material. Nevada has some of the most notoriously felonious HOAs in the country, as evidenced by the dozens of indictments in the ongoing FBI/U.S. Attorney investigation.

In Darcy’s current expose’, she notes how federal FCC law gives homeowners the right to set up satellite dishes, and no HOA in the country has the power to supersede that federal law.

But then, we’re talking about the Pallatine Hill Homeowners Association in Henderson, Nevada. And its president, Barry Tedesco, is mind-numbingly idiotic about federal law. He’s sent out a flood of letters saying homeowners would be fined if they didn’t remove their satellite dishes. Even an appearance in front of the Pallatine Hill HOA board showed homeowners that Tedesco is in serious need of either a brain transplant, or a recall election. He apparently feels he’s above federal law. And he’s willing to risk ever last cent of this HOA’s budget to sue, lien and foreclose on all those homeowners using satellite TV. I honestly hope someone will walk my blog post door-to-door in this HOA.

Darcy Spears is too mannerly to call Tedesco a complete jackass.

mule1[1]But I’m not.

The president of the Pallatine Hill Homeowners association, Barry Tedesco, is a jackass.

(Note to KTNV General Manager: Darcy Spears deserves a raise. She’s getting you national publicity!)

http://tinyurl.com/kxqs5r6