Indictments issued over foreclosure rescue scam

Nevada Attorney General Catherine Cortez Masto announced on Thursday indictments against three people who operated a foreclosure-rescue scam in Las Vegas under the business name of Rescorp.

Jason Todd Wilhite, Ronald Quilang and Benjamin Moraleda falsely claimed that their services would prevent foreclosures on clients’ homes, or that their clients would obtain home-loan modifications with Rescorp’s help. The attorney general alleges the services didn’t happen, and that the defendants further defrauded consumers by having them sign fake deeds of trust that gave the defendants liens on victims’ homes based on bogus promissory notes that falsely claimed loans on the homes. State attorneys argue the defendants’ actions were meant to cloud property titles so that legitimate lenders couldn’t foreclose on victims’ properties.

The attorney general investigated the case after fielding complaints from numerous Rescorp clients who paid thousands of dollars and didn’t receive any loan-modification follow-up from the company.

A Feb. 3 arraignment of the three defendants is scheduled in Las Vegas District Court Department 3. Anyone with information involving the case should call the attorney general’s office at 486-3777.

Bank holding company reports fourth-quarter loss

Western Alliance Bancorporation, the Las Vegas-based holding company for Bank of Nevada and institutions in Arizona and California, on Thursday reported a fourth-quarter net loss of $27.9 million, down from $148.3 million in the same period of the prior year. The loss per share was 41 cents, compared with a loss of $3.94 a year ago.

The company set aside $4.4 million in reserves, lost $5.1 million on the sale of repossessed assets, charged off a goodwill impairment of $4.1 million and lost $3.6 million from securities transactions.

Loans increased by $112 million to $4.1 billion in the last quarter. The company decreased full-time employees by 9 percent to 930 over the last three months.

Shares in Western Alliance gained 26 cents, or 5 percent, to close at $5.46 on the New York Stock Exchange.


Dealerships appeal closure decisions by GM, Chrysler

About 21 percent of the General Motors and Chrysler dealers whose businesses are being shut down by the automakers have filed paperwork appealing the decisions.

Around 600 dealers out of the roughly 2,800 whose franchises were revoked last year have asked for arbitration hearings in an effort to get their franchises back. Dealers have until midnight Monday to file for arbitration.

The appeals mean that many neighborhood showrooms that were shut down or scheduled for closure could return to business. GM Chairman and CEO Ed Whitacre Jr. has said he expects hundreds of dealers to win their franchises back during the process, which must be wrapped up by June 14.

GM and Chrysler decided to shed dealerships during severe financial problems that plunged them into bankruptcy protection last summer. While GM has told about 2,000 Chevrolet, GMC, Buick and Cadillac dealers that they will be phased out by October, about 700 will stay open because the automaker has not taken away all of their brands.

Lower rate for workers’ compensation insurance OK’d

The Nevada Division of Insurance has approved a filing for lower workers’ compensation insurance rates effective March 1.

Rates will decrease by an average of 7.6 percent for workers’ compensation insurance voluntary loss costs and by an average of 3.7 percent for assigned risk rates, Nevada Insurance Commissioner Scott Kipper said.

The reduction, specifically in loss costs, is based on Nevada employers’ experience and future projections, he said. Loss cost is only one component of rates charged by insurers. Each insurer must file a loss cost multiplier that is used to determine final workers’ comp rates.

The National Council on Compensation Insurance submitted the filing. For more information on the filing, visit the insurance division’s web site at


Still a Tiger on console: Scandal doesn’t stop Woods game sales

Electronic Arts says its Tiger Woods game franchise grew over the past year, and holiday sales didn’t suffer even as the golfer’s personal life did.

Woods’ self-described extramarital “transgressions” and subsequent media fallout led other companies to drop him.

EA, however, has stood by him. EA Sports President Peter Moore said Thursday it would be “unimaginable” not to have Woods at the masthead of the company’s “Tiger Woods PGA Tour” games.

No sales specific were offered.

EA is launching an online version of the game in an “open beta” test today for anyone to play. It’s free, but added content comes at a cost.

“Tiger Woods PGA Tour 11” launches in June for game consoles and the iPhone.

MGM Grand Plans To Add Retail And Dining To Its Strip Facade
MGM Grand President and Chief Operating Officer Scott Sibella said executives are “discussing redeveloping that entire frontage of the building out to the Las Vegas Strip.” (Todd Prince/Las Vegas Review-Journal)
Boyd Gaming planning new corporate campus
Casino operator Boyd Gaming Corp. has filed plans to build a new corporate campus. The plans call for two 10-story office buildings and a six-level parking garage in the southwest Las Vegas Valley. Boyd Gaming operates The Orleans, the Suncoast, downtown's California Hotel and other properties. The new headquarters would be just a mile from its current main office building.
Bellagio Conservatory transformed to celebrate Year of the Pig
The Bellagio Conservatory Team transformed the 14,000 square foot conservatory to commemorate Chinese New Year, the holiday that marks the end of the coldest days of winter. (Rachel Aston/Las Vegas Review-Journal)
CES 2019: Intro uses sound to connect people
Intro, a startup that is part of the Future Worlds Accelerator in the UK, has an app that uses ultrasonic sound to find people and companies nearby.
CES 2019 Video: CES wraps up another year
Time-lapse video of the action at CES 2019 in Las Vegas. (Mat Luschek/Las Vegas Review-Journal)
CES 2019: Create your own beauty products
Beauty Mix by BeautyByMe is a product that lets you create your own cosmetics and beauty products. (Mat Luschek/Las Vegas Review-Journal)
CES 2019: Picobrew’s home brew machine
Picobrew brings automation to homebrewing. (Mat Luschek/Las Vegas Review-Journal)
CES 2019: Surviving CES
What it's like to spend four days working the mammoth tech convention. (Jason Bracelin/Las Vegas Review-Journal)
Haier’s smart home
Haier presented smart home technology at CES 2019.
CES 2019 VIDEO: Foldimate makes laundry day easy
Foldimate has created a machine that will fold your laundry for you. Just feed it anything you need folded and it will do the rest. (Mat Luschek/Las Vegas Review-Journal)
CES 2019: Opte device corrects skin spots
Opte from Proctor and Gamble is a device for correcting spots and freckles from skin. It analyzes the area for spots and then covers them with a serum of matching skin tone. (Mat Luschek/Las Vegas Review-Journal)
Circa hotel-casino in downtown Las Vegas unveiled
Derek Stevens reveals Circa hotel-casino in downtown Las Vegas. He plans open by the end of 2020. (K.M Cannon/Las Vegas Review-Journal)
Circa, new casino coming to Fremont Street
Casino owner Derek Stevens announces his new property Circa, coming to Fremont Street in downtown Las Vegas in late 2020. (Michael Quine/Las Vegas Review-Journal)
Dreenk My Oeno makes wine suggestions
At CES 2019 in Las Vegas, the Dreenk My Oeno tells you all about wine.
Polaroid One Step Plus camera unveiled at CES 2019
Polaroid has moved into the digital age with its One Step Plus camera with Bluetooth. With the connected app, it turns your smartphone into a remote for the camera, along with filters and features.
Amazon is everywhere at CES 2019 in Las Vegas
Seemingly everything works with Amazon Alexa
LG Smart Mirror helps you dress snazzy
LG’s Smart Mirror is less of a mirror but more of an assistant to help get you looking snazzy. It takes your image and recommends clothes for you or matches existing clothes with new clothes, which can be purchased right from the mirror. (Mat Luschek/Las Vegas Review-Journal)
Underwater robots make waves at CES 2019 in Las Vegas
Robosea is a company dedicated to underwater robotics. They produce consumer robots for underwater filming as well as commercial products which can be used for underwater research. (Mat Luschek/Las Vegas Review-Journal)
CES 2019 - Victrola record players spin in Las Vegas
A new spin on an old favorite, Victrola record players are meeting a demand for retro products. The brand is also making furnitures with built-in speakers.
CES 2019: Slamtec robots ready to serve
Slamtec is a robotics company out of China whose goal is to provide solutions for laser localization mapping and navigation. They have created two autonomous robots that can be used in areas such as bars, restaurants and malls. (Mat Luschek/Las Vegas Review-Journal)
Mixologiq drink maker appears at CES 2019 in Las Vegas.
This is the Mixologiq drink maker.
CES 2019: Veritable smart garden
Let’s face it; not all of us have green thumbs. And herbs are particularly difficult to grow, considering their constant need for sunshine. Enter the Veritable smart garden from Exky, which does it all for you. (Heidi Knapp Rinella/Las Vegas Review-Journal)
Bonnie Springs Ranch near Las Vegas being sold to developer
Bonnie Springs Ranch near Las Vegas is being sold to a developer, set to close in March. Bonnie Springs, west of Las Vegas off State Route 159 — next to Spring Mountain Ranch State Park — spans more than 60 acres and was on the market for $31 million. The developer and his project partner are under contract to buy the ranch and plan to chop it up mostly into custom-home lots. The plans includes a 25-room motel, a restaurant and a 5,400-square-foot event barn.
Bone-conduction headphones form Aftershokz
Aftershokz offers bone-conduction headphones - headphones that don’t go in the ear.
CES Happy Hour party at Hangover Suite at Caesars Palace
Conventioneers mingled during the Hardware Massive CES 2019 Happy Hour Bash at The Hangover Suite at Caesars Palace in Las Vegas. (K.M. Cannon/Las Vegas Review-Journal) @KMCannonPhoto
Autonomous Cars and Futuristic Aircraft Rule CES
Day two of CES was dominated by autonomous cars and futuristic aircraft in the North Hall of the Las Vegas Convention Center.
TekNekSavr fights neck problems caused by smart phones
Atiya Syverson invented the TekNekSavr to help fight neck and head problems caused by strains while typing on smart phones. (Mat Luschek/Las Vegas Review-Journal)
New eyeglasses know if you fall and call for help
The French company Abeye has created eye glasses that will detect if the wearer falls and call for help. (Mat Luschek/Las Vegas Review-Journal)
Company that creates vibrator-like device claims genders bias against CES
Lora DiCarlo is a women-run start-up that creates a vibrator-like device designed for female pleasure called the Osé. This year they were awarded the CES Innovation Award in the Robotics and Drone Category, but a month later the Consumer Technology Association, which runs CES, rescinded the award and their booth. Haddock and her team believe it is a reflection of gender bias and sexism in an industry with a long history of male domination.
CES-Wagz has new pet products
Wagz has three new products to help create better lives for your pets in a digital world. One is a collar with LTE tracking and an HD camera. Also a smart pet door that only lets your pet in and out. Lastly, a device to humanely keep Fluffy out of certain areas of your home. (Mat Luschek/Las Vegas Review-Journal)
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