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Irwin Molasky has made a tidy fortune over his 60 years of developing shopping malls, office buildings and
high-rise condominiums in Las Vegas, largely because he’s pretty shrewd about land prices.
BOSTON — Federal authorities suspended trading by seven firms, including one in Las Vegas, and filed criminal charges Thursday against corporate executives, lawyers and stock promoters who allegedly used fraud to spur investments in small companies known as penny stocks.
Buyers of eight condominiums at The Cosmopolitan of Las Vegas gained ground in trying to reduce financial losses they suffered in arbitration when trying to recover their deposits. A judge on Tuesday ordered the arbitrator to redo part of his work, as well as recalculate legal fees. That could save the buyers hundreds of thousands of dollars.