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Real Estate Agent News: Prosecutor: Greed was motive in scheme to defraud homeowners associations

The four defendants standing trial on charges tied to a massive scheme to defraud homeowners associations of millions of dollars did it for “greed,” a federal prosecutor told a jury Wednesday.

Summary of the Article

Lawyers, private investigators, real estate agents and community management firms were all brought into the elaborate scheme. Co-conspirators were …

Article

The four defendants standing trial on charges tied to a massive scheme to defraud homeowners associations of millions of dollars did it for “greed,” a federal prosecutor told a jury Wednesday.

“This is a case about taking over HOAs in Las Vegas and getting rich doing it,” Justice Department lawyer Thomas Hall said in his opening statement.

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first published: 2015-02-25 03:56:15