New embezzlement story out of Las Vegas. The Nevada Attorney General’s Office, with the assistance of the FBI, served a warrant at the Paradise Spa Homeowners Association on Las Vegas Boulevard South near Serene Avenue.
Owners allege the association’s board embezzled more than $1 million of their money.
The news story reports that several units were destroyed by two fires in 2009 and 2010, and the insurance company paid $842,000 but nothing has been repaired.
According to resident Bill O’Donnell, a former Nevada state senator, the HOA had nearly $1 million in cash and HOA fees that have gone missing. He appealed to the Attorney General’s office to take action about a month ago.