Las Vegas Sun

October 21, 2014

Currently: 77° — Complete forecast | Log in | Create an account

Crime:

Seven locals arrested for money laundering in real estate scheme

Seven Las Vegas residents were arrested by federal authorities this week on charges of wire fraud and money laundering stemming from a fraudulent timeshare resale scheme.

The seven, plus one Los Angeles-based co-conspirator, are accused of soliciting advanced payments from victims in exchange for promising to provide willing buyers for timeshare properties or points, according to a statement from the United States Attorney’s Office. Instead of following through, the conspirators, acting as the Jariv Companies, simply kept the payments, pocketing more than $6 million between Feb. 1, 2011, and Jan. 31, 2012.

The alleged Las Vegas-based conspirators in the plot are: James Jariv, 62; Alexandar Jariv, 25; Thresa Lloyd, 42; Vardra Jariv, 72; Jiwon Jariv, 33; Ronald Muise, 50; and Michael Muise, 27. Also arrested was Leon Avedikian, 43, of Los Angeles.

According to the U.S. Attorney’s Office, the conspirators maintained offices in Las Vegas, Houston, Chicago and the Los Angeles-area from which they emailed and called timeshare owners, saying they had buyers for their timeshare interests.

The Jariv Companies were registered and conducted business in multiple states, including Nevada, Texas, California, Illinois and Washington.

The conspirators solicited fees ranging from hundreds of dollars to several thousand dollars from about 1,000 people, the attorney’s office said.

The conspirators falsely told victims that the fees were refundable and would be used to secure the owner's place in an acquisition involving corporate buyers.

Varda Jariv made her initial court appearance Thursday. The rest of the defendants are scheduled to appear on Friday.

Each faces two counts of conspiracy, one count of wire and mail fraud, and one count of money laundering.

Join the Discussion:

Check this out for a full explanation of our conversion to the LiveFyre commenting system and instructions on how to sign up for an account.

Full comments policy

Previous Discussion: comment so far…

Comments are moderated by Las Vegas Sun editors. Our goal is not to limit the discussion, but rather to elevate it. Comments should be relevant and contain no abusive language. Comments that are off-topic, vulgar, profane or include personal attacks will be removed. Full comments policy. Additionally, we now display comments from trusted commenters by default. Those wishing to become a trusted commenter need to verify their identity or sign in with Facebook Connect to tie their Facebook account to their Las Vegas Sun account. For more on this change, read our story about how it works and why we did it.

Only trusted comments are displayed on this page. Untrusted comments have expired from this story.

No trusted comments have been posted.