More on Aaron Yashouafar and Paradise Spa
With so much going on with Aaron Yashouafar, owner of First National Center, pleading guilty to embezzlement and facing loss of the downtown landmark, it’s difficult to get every detail into print. I’ll let the following Nevada television news reports tell “the rest of the story” on Yashouafar’s embezzlement of money from senior citizens.
It all began, it appears, with a raid by the FBI on an old fashioned condominium complex in Las Vegas known as Paradise Spa. That occurred in early 2011. When it comes to reporting on the Las Vegas legal actions, KLAS-8 seems to have the best coverage.
The excellent reporting by KLAS-8 continued with this report on how the mostly elderly residents at Paradise Spa then faced eviction:
| 8 News NOW
Next, Yashouafar is yanked from his role as head of the Paradise Spa condo association, ban from other condo boards for three years:
| 8 News NOW
The reporting continues with KLAS-8 beginning to link the Paradise Spa situation with another Yashouafar controversy at the Sky condos in Las Vegas – and with the troubles at First National Center:
| 8 News NOW
Charges were filed in December, and now, a guilty plea. So what’s next? Yashouafar has until Aug. 17 to come up with $12 million to pay off his lender, Capmark, or lose First National. One question: are there any Oklahoma City players coming to Yashouafar’s aid? And if there are, and if they succeed, what will be the community response to such efforts that result in a man who has plead guilty to embezzlement, a man who has filed multiple bankruptcies, faced tenant revolts, keeping control of First National?
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Wouldn’t it be great if someone from OKC bought the FNC? Surely no one will come to the aid of this crook.