Lawsuit alleges fraud in LV apartment purchase
Tuesday, Dec. 14, 1999 | 10:35 a.m.
The Las Vegas businessman said to have purchased the Thunderbird Hotel has been accused of using fraud to gain control of a small apartment complex on North Las Vegas Boulevard.
In a lawsuit brought in Clark County District Court, former owner Robab Egtedar is asking for monetary damages from Doug DaSilva, who now owns the Fantasy Arms apartments at 1101 N. Las Vegas Blvd. Egtedar is also asking for the apartments to be placed in receivership.
DaSilva, however, said the property was condemned 90 days after he acquired it in March, due to a long history of poor maintenance. He also claims Egtedar is merely a front for her brother, the property's true owner.
Egtedar claims she was told by DaSilva in October 1998 that the City of Las Vegas planned to condemn the property, shortly after Egtedar had foreclosed on a previous buyer. DaSilva said he would be able to rehabilitate the property if he was appointed receiver, and save it from condemnation, Egtedar claims.
"If I've never spoken to her, I couldn't have made those claims," responded DaSilva. "I would swear that before a court."
While DaSilva was receiver of the property, he made only one monthly mortgage payment and made no effort to rehabilitate the property, Egtedar claims.
After foreclosure proceedings were complete in March, DaSilva approached Egtedar about purchasing the property outright, the lawsuit claims. According to Egtedar, DaSilva said he would use his connections at the Las Vegas Housing Authority to have the property shut down if Egtedar didn't sell.
Since that time, Egtedar said she has received only one payment on the $1.02 million mortgage.
DaSilva, however, said he made payments on the property through September, even after the property's closure. He said he halted payments only because he was unable to negotiate a deal with Egtedar to put a moratorium on payments to allow the property to be rehabilitated.
"While I was receiver of that property, I was able to forestall an order in 1998 to close the property, because of my experience with the City of Las Vegas," DaSilva said. "We have continued to try to improve the property to get it reopened, but despite all that, it remains closed. So there's no income on the property."
In a separate lawsuit, former Thunderbird general manager Michael Robert Flores claimed DaSilva has purchased the Thunderbird from Bob Stupak for $5 million. Flores didn't name DaSilva as a defendant in that case, but is seeking a 5 percent commission from Stupak in connection with the alleged sale.
archive
- Most Read
- Discussed
- Most E-mailed
- Judge’s divorce filing follows arrest of her husband, a lawyer
- Two years after Sports Illustrated feature, Bellfield says gamble paid off
- Task force taking down mortgage scammers, one at a time
- Contractors make another bid for Fontainebleau
- Martha Stewart has no business criticizing Palin
- UNLV zaps Holy Cross, 80-59
- Shooting in parking lot of CVS leaves man dead
- Las Vegas expecting more visitors this Thanksgiving
- Holiday shoppers skip turkey for Strip stores
- Man, 26, dies in collision with truck traveling at 100 mph
Blogs
The Kats Report
Could a savior of shuttered Las Vegas Art Museum be ... Peter Max? (3 Comments)
For Paul Stanley and KISS, rock and roll is not over (3 Comments)
Twenty years ago today, Human Nature took root on the farm (1 Comment)
Robin Leach's Las Vegas Celebrity Watch
Photo Gallery: Donny Osmond’s triumphant return to the Flamingo
The Kats Report
'DWTS' champ Donny Osmond still deft afoot in return to Flamingo (8 Comments)
Politics: The Early Line
Meeting of GOP governors draws challengers, not Gibbons (3 Comments)
Politics: Ralston's Flash
Oscar loves forcing developers to sign labor peace agreements, Culinary loves the city's downtown plans and all is forgiven (7 Comments)
Calendar »
- 27 Fri
- 28 Sat
- 29 Sun
- 30 Mon
- 1 Tue
-
Bill Cosby at Treasure Island
Treasure Island Theatre
-
The Las Vegas Locomotives vs. the Florida Tuskers
Sam Boyd Stadium
-
Papa Roach at the House of Blues
House of Blues | 6:30 p.m. to 11 p.m.
-
Tuff-N-Uff at the Orleans
Mardi Gras Room | 7 p.m. to 11 p.m.
-
David Spade at the Venetian
The Venetian Resort Hotel Casino
The Sun
Locally owned and independent for more than 50 years.
Technorati










