Sunday, December 12, 2010
Federal Investigation into Nevada HOAs
Many suspected that local prosecutors delayed an investigation into Las Vegas homeowners associations because of the powerful people potentially involved. High-powered attorneys and former police officers may be implicated in a conspiracy effectuated through a homeowners association.
The Las Vegas Review reports that the local prosecutors were recently removed so that federal prosecutors from Washington could take over over. The details of the alleged conspiracy?
Investigators have targeted dozens of people in what they say was a scheme to rig homeowner association board elections to position conspirators -- including some former Las Vegas police officers -- who would push for lawsuits over construction defects. Legal work and repair contracts then would be funneled to associated lawyers and companies. Millions of dollars were said to be at stake.
Look for more of the same as HOAs grow in number and power.