Law firm ordered to pay $3.1M to Las Vegas condo association – Las Vegas Review-Journal
"One of Nevada’s leading law firms not only enabled a criminal conspiracy but also participated in it, according to District Judge Mark Denton. Kummer Kaempfer Bonner Renshaw and Ferrario was so negligent it enabled contractor Leon Benzer to cheat a homeowners association out of $8 million. On Tuesday, Denton ordered the law firm now known as Kaempfer Crowell to pay $3.1 million to the Vistana Condominium Owners Association. The judgment is nearly $2.4 million; the rest is interest.
“The judgment could exceed $4 million after costs and attorneys’ fees are added,” said Vistana attorney Richard Haskin, although that’s up to the judge. Denton’s findings of negligence and breach of duty against Kummer Kaempfer were plentiful and brutal...
■ A young attorney named Brian Jones wasn’t supervised and allowed ballot stuffing in a HOA election.
■ The FBI told the law firm it was investigating Jones in connection with election irregularities, but no one at the firm informed Vistana.
■ The law firm represented both sides in suspicious HOA elections, a clear conflict of interest."
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This is, of course, another stage in the Leon Benzer, et al., HOA fraud ring scandal, the biggest white-collar crime case in the history of Las Vegas. Dozens of people incarcerated, many of them prominent individuals, including the former chair of the Nevada Republican Party. Several suicides. And what is at the bottom of it? The fact that many HOAs and condo associations are vulnerable to being manipulated or even taken over by unscrupulous professionals, officers, and board members, and used like ATMs.
Friday, June 30, 2017
On this day: Voucher privatization in Russia was officially completed | Russia Beyond The Headlines
On this day: Voucher privatization in Russia was officially completed | Russia Beyond The Headlines
"The vouchers, each corresponding to a share of the national wealth, were distributed equally among the population, including minors. Almost 98 percent of Russians participated in the program, but most people were not well informed or had the proper finances. So, the governmental inner circles managed to grab most of the best assets. From 1992 to 1994, ownership of 15,000 firms was transferred from state control via the voucher program. This period is described as “the most cataclysmic peacetime economic collapse of an industrial country in history.”
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Voucher privatization destroyed the Russian industrial economy and created the class of criminal billionaires who are now called the "oligarchs." Although almost the entire population was allowed to participate, the future oligarchs quickly found ways to buy up the vouchers and take over most of the nation's major businesses. Russia's economy has never recovered and never will. The nation went from being one of the world's major industrial countries to a third-world extraction economy that does almost nothing except selling oil and gas.
"The vouchers, each corresponding to a share of the national wealth, were distributed equally among the population, including minors. Almost 98 percent of Russians participated in the program, but most people were not well informed or had the proper finances. So, the governmental inner circles managed to grab most of the best assets. From 1992 to 1994, ownership of 15,000 firms was transferred from state control via the voucher program. This period is described as “the most cataclysmic peacetime economic collapse of an industrial country in history.”
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Voucher privatization destroyed the Russian industrial economy and created the class of criminal billionaires who are now called the "oligarchs." Although almost the entire population was allowed to participate, the future oligarchs quickly found ways to buy up the vouchers and take over most of the nation's major businesses. Russia's economy has never recovered and never will. The nation went from being one of the world's major industrial countries to a third-world extraction economy that does almost nothing except selling oil and gas.
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