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Businessman indicted on felony embezzlement charges

A Beverly Hills, Calif., businessman who owned property in a Las Vegas condominium complex once cited as an example of association dues abuses has been indicted on felony embezzlement and theft charges accusing him of taking more than $1 million from a Las Vegas-area homeowners association.

Massoud Aaron Yashouafar, 50, is due Jan. 4 before Clark County District Judge Carolyn Ellsworth on a six-count criminal indictment handed up Friday in Las Vegas, Nevada state Attorney General Catherine Cortez Masto said Monday. Yashouafar could face decades in prison if convicted.

Yashouafar’s lawyer in Las Vegas, David Chesnoff, said his client intends to plead not guilty to the three counts of theft of property by false pretenses and three counts of embezzlement.

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