Tarkanian hopes for reversal of $17 million judgment

Congressional candidate Danny Tarkanian said Tuesday he doesn’t expect to win reversal of a $17 million federal judgment against him in court Monday, but he is hoping to win his case in the U.S. 9th Circuit Court of Appeals long after the Nov. 6 election.

The Federal Deposit Insurance Company is trying to collect from Tarkanian and his family, who invested the money in a bad real estate deal and are on the hook for loans from a failed bank. In May, a U.S. District Court judge ruled against Tarkanian, who is asking that the judgment be set aside.

On Monday, a federal judge in California will decide whether to reconsider the judgment against Tarkanian or side with the FDIC and allow it to stand.

“We have almost zero chance of winning this legal stuff,” Tarkanian said during an interview with the editorial board of the Las Vegas Review-Journal. “This is a very expensive case, and so you take every avenue to defend yourself and be successful.”

Tarkanian said it’s rare for a federal judge to grant a motion to reconsider a decision in a case like this, but he said it would be negligent of him not to try. He is hoping to show he and his family were the victims of loan fraud.

“It doesn’t change anything from where we were at,” Tarkanian said . “We’re still going to appeal it, and hopefully we’re going to be successful.”

If not, Tarkanian could be forced into bankruptcy, though his attorney has said the family is trying to avoid that.

Tarkanian, a Republican, suggested the $17 million judgment wouldn’t affect his campaign against Steven Horsford, the departing Democratic leader of the Nevada Senate. Still, Tarkanian probably will be attacked in TV ads on his real estate record and business sense.

Tarkanian and Horsford are running for Nevada’s new 4th Congressional District. It includes all or part of seven counties, including northern Clark County.

Tarkanian has the advantage in name recognition. His mother is Las Vegas City Councilwoman Lois Tarkanian; his father is former University of Nevada, Las Vegas basketball coach Jerry Tarkanian.

Horsford has the advantage in voter registration in the district, with Democrats having a 9 percentage point edge over Republicans.

Horsford, the first black state Senate majority leader, has represented the district’s urban core for eight years . Tarkanian said he is wooing African-American voters, using family ties and support from black leaders such as Frank Hawkins, president of the local chapter of the NAACP. About 16 percent of the district’s population is African-American. Another 27 percent is Hispanic.

Tarkanian, who played for UNLV under his coaching father, runs a nonprofit basketball academy in urban Las Vegas that caters to many of the community’s children, including those from black neighborhoods. His father was known for taking chances on recruits from inner-city areas, including future NBA star Larry Johnson.

“My dad’s worked in that community for a long time. And my mother has,” Tarkanian said. “My basketball academy, which is very close to the district, has a lot of players and families in that district that are in our academy now for 10 years.”

Hawkins has been introducing Tarkanian to black business leaders .

“One thing I found out was a lot of big business leaders in the African-American community feel that Horsford has ignored their community,” Tarkanian said. “He hasn’t been around, been accessible. And they’re willing to look for another candidate.”

Tarkanian said he was “going to go into the community as hard as we can” to win over black voters.

Black Democrats accused Tarkanian of using stereotypes in wooing black voters. The party issued a statement from Assemblywoman Dina Neal, Assemblymen Kelvin Atkinson, Steven Brooks, Jason Frierson, William Horne and Harvey Munford, and Nevada Senate candidates Aaron Ford and Patricia Spearman.

“Danny Tarkanian’s use of patronizing stereotypes has no place in American politics today,” the statement said. “Like all communities, Nevada’s African-American community will support candidates who focus on creating jobs, cracking down on the abuses of Wall Street and protecting Social Security and Medicare – not the kind of rhetoric of centuries past. Danny Tarkanian should immediately apologize for his offensive remark.”

In the editorial board interview, Tarkanian said he was reaching out to Hispanics, although his hard-line positions on immigration have turned off many Latino voters. He said he would appeal to Hispanics on economic issues because the Latino unemployment rate is higher than the 11.6 percent in Nevada.

Tarkanian said he supports extending Bush-era tax rates, saying that would encourage business development. He also wants to decrease regulations so companies don’t face so many government hurdles to expand and hire workers.

On his legal troubles, Tarkanian said his family had no reason to suspect the real estate deal would sour because one of their business partners had worked with the developer on other projects. He said the family closed on the loan for the California project in July 2007, and the developer defaulted in early August. The developer declared bankruptcy, blocking the Tarkanians and his partners from recouping the loan.

In 2010, the Tarkanians sued La Jolla Bank to block it from foreclosing on Las Vegas property used as collateral for the original $14.6 million loan.

The bank later failed, was accused of unsavory practices and was taken over by the FDIC, leaving the Tarkanians with little legal recourse and on the financial hook .

“For anybody to say that we’ve done anything wrong on our part, I think, is quite a bit misleading,” Tarkanian said.

Contact reporter Laura Myers at lmyers@reviewjournal.com or 702-387-2919. Follow her on Twitter @lmyerslvrj.

Mojave Poppy Bees
Male Mojave poppy bees exhibit territorial fighting behavior. The Center for Biological Diversity wants the bee, found only in Clark County, to be added to the endangered species list. (Zach Portman/University of Minnesota Department of Entomology)
Clark County Schools announce random searches
Clark County School District middle and high school students will be subject to random searches for weapons under a new initiative to combat the wave of guns found on campus. (Amelia Pak-Harvey/Las Vegas Review-Journal)
Ron Jeremy and Heidi Fleiss React to Dennis Hof's Death
Ron Jeremy and Heidi Fleiss speak about their friend and prominent brothel owner Dennis Hof's death at Dennis Hof's Love Ranch. (Benjamin Hager/Las Vegas Review-Journal)
Nevada brothel owner Dennis Hof has died
Nevada brothel owner and Republican candidate for Nevada State Assembly District 36, Dennis Hof has died. He was 72. Nye County Sherriff's office confirmed. Hof owned Love Ranch brothel, located in Crystal, Nevada.
Las Vegas police investigate suspicious package at shopping center
Las Vegas police evacuated a southeast valley shopping center at Flamingo and Sandhill roads early Tuesday morning while they investigated reports of a suspicious package. (Max Michor/Las Vegas Review-Journal)
The Las Vegas Metro hosts the K-9 Trials
The Las Vegas Metro K-9 Trials returns to the Orleans Arena to benefit the Friends For Las Vegas Police K-9 group.
Kingman residents love their little town
Residents of Kingman, Ariz. talk about how they ended up living in the Route 66 town, and what they love about their quiet community. (K.M. Cannon/Las Vegas Review-Journal)
Service at Southern Nevada Veterans Memorial Cemetery
Twelve unclaimed veterans are honored at Southern Nevada Veterans Memorial Cemetery in Boulder City in Oct. 9, 2018. (Briana Erickson/Las Vegas Review-Journal)
Las Vegas house prices reach highest level in 11 years
Las Vegas house prices are rising But so is the amount of available homes on the market Still, properties priced below $300,000 are selling fast And September was the first time since June 2007 that the median house price reached the $300,000 mark Las Vegas home prices have been rising at one of the fastest rates in the country over the past year Recent data show the market is now less affordable than the national average
National Night Out
About 100 Summerlin residents gathered at Park Centre Dr. in Summerlin on Tuesday for National Night Out. Lt. Joshua Bitsko with Las Vegas Metro, played with 3-year-old David who was dressed as a police officer. Face painting, fire truck tours and more kept kids busy as parents roamed behind them. (Mia Sims/Las Vegas Review-Journal)
Rural homeless issue comes to a head in Pahrump
On Sept. 12, Pahrump sheriff deputies told residents of a homeless encampment on private property that they had 15 minutes to vacate and grab their belongings. That decision might face some legal consequences. (Rachel Aston/Las Vegas Review-Journal)
Remembrance blood drive on October 1
A blood drive was held at the Las Vegas Convention Center on the one year anniversary of the Oct. 1 shooting. (Mat Luschek/Las Vegas Review-Journal)
Remembrance Lights memorial unveiled at St. Rose hospital
A dedication ceremony was held at St. Rose to unveil a memorial and to read the names of those who died on October 1, a year ago. (Mat Luschek/Las Vegas Review-Journal)
1October Blood Drive Remembrance Wall
(Mat Luschek/Las Vegas Review-Journal)
1October Blood Drive
Vitalent hosts a blood drive at the Las Vegas Convention Center on Monday, Oct. 1, 2018, the first anniversary of the Las Vegas shootings. (Mat Luschek/Las Vegas Review-Journal)
1October sunrise remembrance ceremony in Las Vegas
Myanda Smith, sister of Las Vegas shooting victim Neysa Tonks, speaks at the sunrise remembrance ceremony at the Clark County Government Center in downtown Las Vegas, Monday, Oct. 1, 2018. (Chitose Suzuki/Las Vegas Review-Journal)
‪Gov. Brian Sandoval speaks to crowd at Oct. 1 sunrise remembrance ceremony ‬
‪Nevada Gov. Brian Sandoval speaks to the crowd at the Oct. 1 sunrise remembrance ceremony ‬at the Clark County Government Center in downtown Las Vegas, Monday, Oct. 1, 2018. (Michael Quine/Las Vegas Review-Journal)
Father of Route 91 Harvest festival shooting victim talks about college scholarship in his daughter's memory
Chris Davis, father of a Route 91 Harvest festival shooting victim, Neysa Tonks, talks about a college scholarship in his daughter's memory to assist the children of those who died in the shooting. (Bizuayehu Tesfaye/Las Vegas Review-Journal) @bizutesfaye
Oct. 1 survivor Malinda Baldridge talks about life after the shooting
Malinda Baldridge of Reno attended the Route 91 Harvest festival with her daughter, Breanna, 17, and was shot twice in the leg when the gunman fired on the crowd.
Route 91 survivor talks about lack of progress in gun legislation
Heather Gooze, a Route 91 survivor, talks about lack of progress in gun legislation since the Oct 1. (Bizuayehu Tesfaye/Las Vegas/Review-Journal) @reviewjournal
Review held in death of man after encounter with Las Vegas police
The mother of Tashii Brown, who died after an encounter with Las Vegas police on the Strip, not satisfied after public review of evidence. (K.M. Cannon/Las Vegas Review-Journal)
Clark County Museum opening "How We Mourned: Selected Artifacts from the October 1 Memorials"
The Clark County Museum is opening an exhibit "How We Mourned: Selected Artifacts from the October 1 Memorials" of items left to honor the victims killed in the Route 91 Harvest festival shooting. (Bizuayehu Tesfaye/Las Vegas Review-Journal) @bizutesfaye
Memorial service for former RJ lawyer Mark Hinueber
Mark Hinueber, the Review-Journal's former lawyer and defender of the First Amendment, died in Las Vegas on Aug. 23. Hinueber, who was 66, worked at the RJ and other newspapers for 42 years. On Saturday, his friends and family gathered for a memorial service.
Army veteran honored in Henderson event
Army Sgt. Adam Poppenhouse was honored by fellow veterans in an event hosted by a One Hero at a Time at the Henderson Events Center.
Michelle Obama and Keegan-Michael Key urge Nevadans to vote
Former first lady Michelle Obama and comedian Keegan-Michael Key urged Nevadans to vote at Chaparral High School in Las Vegas Sunday, Sep. 23, 2018. (Marcus Villagran/Las Vegas Review-Journal) @marcusvillagran
Nevada Task Force One Cheers Golden Knights
Nevada Task Force One Cheers Golden Knights
1 dead, 1 wounded in North Las Vegas standoff
A woman was hospitalized with serious injuries on Thursday morning after being shot inside a North Las Vegas house. Police responded about 11 p.m. to a shooting at a home on the 5600 block of Tropic Breeze Street, near Ann Road and Bruce Street. The wounded woman, police believe, was shot by a man, who later barricaded himself inside the house. SWAT was called to assist, and when officers entered the house, they discovered the man dead from an apparent self-inflicted gunshot wound.
Las Vegas Teen Makes Clothing Resale His Side Hustle
Las Vegas resident Reanu Elises, 18, started buying and selling streetwear online when he was a high school junior. Like many other young adults, the world of online resale applications like Depop and Mercari have made selling clothing online for a profit easy. Now, Elises spends his free time at thrift shops looking for rare and vintage clothing he can list on his on his shop. Now in his freshman year at UNLV as a business marketing major, Elises hopes to open a shop of his own one day and start his own clothing brand. He estimates that he's made about $1000 from just thrifted finds in the past year, which he'll use to buy more thrift clothing and help pay for expenses in college. (Madelyn Reese/ Las Vegas Review-Journal) @MadelynGReese
Fruition Vineyards Encourages Young Entrepreneurs to "Buy, Flip, Dream"
Once a month, young adults gather at Fruition Vineyards on South Maryland Parkway near UNLV to dig through a stack of rare, vintage and designer clothing that's marked down well below it's resale value. Shop founder Valerie Julian began the vent, dubbed "Fruition Vineyards" in August after running her streetwear shop since 2005. The event gives young entrepreneurs the opportunity to "buy, flip, dream" according to Jean. Meaning that they're encouraged to buy the clothing for sale and find a way to resell it for a profit, then reinvest that into whatever dream they pursue: college, a hobby or their own resale business. Shoppers lined up starting an hour before noon on the last Saturday in April for the opportunity and spoke about what they hoped to do with their finds and profits. (Madelyn Reese/Las Vegas Review-Journal) @MadelynGReese
Local man goes under cover searching for answers to homelessness
Licensed mental health therapist Sheldon Jacobs spent 48 hours under cover posing as a homeless man in an attempt to gain perspective on the complex issue.
News Headlines
Local Spotlight
Add Event
Home Front Page Footer Listing
You May Like

You May Like