Friday, January 25, 2013

HOA Conspiracy Busted


In an unfolding fraud scheme involving Las Vegas Valley homeowner associations, a former construction manager has pleaded guilty to fraud.  Dax Louderman is one of  28 defendants in this case who were involved with this HOA conspiracy.  More than $8 million dollars was funneled through secret bank accounts to contracts with various HOA communities.  These contracts ranged from construction to landscaping to community management contracts.   The conspirators are also accused of using election rigging and various other tactics to get people into HOA boards who then awarded them with contracts.   There were a total of eleven HOA communities that were targeted in this conspiracy.

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