Raid at Homeowners Association:

“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.

AG investigators were looking for records of the HOA. Residents allege HOA
board members have embezzled more than $1 million of their money. Many
of the people who live at Paradise Spa are elderly. They say they pay $160 a
month in HOA fees but there is nothing to show for it.

Several units were destroyed by two fires in 2009 and 2010 and the insurance
company paid $842,000 but nothing has been repaired.

Eighty-five-year-old Iris Hokanson wants to know what happened to that
money. “I heard it went to California, but it was not used on our building.
They have not rebuilt it, they have not done anything. Then they came and
stole all the guts out of the building,” she said.”

More details are found at this link for Channel 8:

[1] http://www.8newsnow.com/story/14404196/breaking-news-raid-at-homeowners-association

Since so many HOA Boards have been accused of fraud andother kinds of
misconduct, it makes you wonder who is next?