A Las Vegas man pleaded guilty to serving as a straw buyer in a scheme devised by several conspirators to obtain influence over the way homeowners’ associations allocate their business contracts. The Department of Justice confirmed that Daniel Solomon, 39, was a straw purchaser at the Vistana condominium complex in Las Vegas. Authorities claim Solomon and co-conspirators purchased multiple condo properties to obtain influence over the community homeowners’ association. Once the conspirators gained board influence, they directed remedial construction contracts and lawsuits to one favored law firm and a construction company. Solomon allegedly signed and submitted fraudulent loan applications to close on the condo properties. He also claimed to be living in one of the units when, in fact, he resided at another property. Once Solomon made the straw purchase, he joined the HOA board of directors and used his position to direct the allocation of business contracts, the DOJ said. Solomon officially pleaded guilty to one count of conspiracy to commit mail and wire fraud. Write to Kerri Panchuk.
Kerri Ann Panchuk was the Online Editor of HousingWire.com, and regular contributor to HousingWire magazine. Kerri joined HousingWire as a Reporter in early 2011 and since earned a law degree from Southern Methodist University. She previously worked at the Dallas Business Journal.see full bio
Most Popular Articles
Latest Articles
From resilience to antifragility: Rethinking cybersecurity for real estate and mortgage professionals
In information security, we’ve long spoken about resilience. The goal has been to withstand an attack, recover quickly, and return to business as usual. But in today’s environment—where attackers adapt and evolve daily—resilience is no longer enough. We must go further. We must embrace antifragility.
-
From local to global: RE/MAX’s Chris Lim on the next era of real estate relationships
-
Stop marketing like it’s 2008: You’re invisible
-
RE/MAX accelerates real estate innovation with AI and technology
-
Retirement plans for small-business owners have visible generational gaps
-
VA loans rise as housing market shifts toward buyers
Kerri Ann Panchuk was the Online Editor of HousingWire.com, and regular contributor to HousingWire magazine. Kerri joined HousingWire as a Reporter in early 2011 and since earned a law degree from Southern Methodist University. She previously worked at the Dallas Business Journal.see full bio
