It could be the first of many; but the first actual indictment for corruption in the Las Vegas Homeowners Association investigation was handed down Friday, December 9th.
Dax Lee Louderman, a former employee of a construction company, was charged with stealing more than a half million dollars in a construction defect case. Louderman was charged with 13 counts of theft from the Stone Canyon HOA.
Louderman was charged in state court rather than in federal. But it appears to be a spinoff from the massive federal investigation of fraud and corruption in more than a dozen Las Vegas Homeowners Associations. In recent weeks, ten targets of the federal investigation have pleaded guilty to theft and corruption, and the stacking of HOA boards with officers who would direct construction and legal expenses to certain lawyers and construction companies. Presumably, those ten suspects will now testify against other targets in the case.