The San Diego power company plans to "self finance" the project, with funding from the parent company and will be able to take advantage of a 30% federal investment tax credit to cut project costs, said Mike Allman, president of Sempra Generation.
HispanicBusiness.comInvestment firm targeted Latinos in Ponzi scheme, SEC alleges New York, Georgia, Utah, Nevada, Texas and Illinois, about $13 million was paid out as returns to investors, the SEC said. Flores lost more than $5 million in high-risk and speculative investments, according to the lawsuit. "There's no money left. Company Employing Ponzi Scheme Targeting Hispanics Charged by SEC
Nevada Bankruptcies SkyrocketAccording to the US Administrative Office of the Courts, nonbusiness bankruptcy petitions rose 71-percent higher last year. Business filings climbed 57-percent. David Ehlers, the chairman of Las Vegas Investment Advisors said quote, "it's going to take
Las Vegas SunStation, which caters to residents of the Las Vegas area, has been among the hardest hit as unemployment in Nevada soared and thousands of casino workers have lost their jobs, or had their work hours reduced. As of December 2008, Station had $5.78 Creditors grant Station Casinos extention
KXNTNevada AG: Ex-Southwest Exchange chief indictedAP LAS VEGAS—Nevada State Attorney General Catherine Cortez Masto says the former chief of a defunct Henderson investment company has been indicted on felony embezzlement charges. Masto said Monday that former Southwest Exchange Inc. officer and Southwest Exchange director indicted for embezzlement
Investment firm targeted Latinos in Ponzi scheme, SEC alleges - Los Angeles Times
14.04.09
The lawsuit, which seeks restitution and penalties from Flores, was filed at the federal courthouse in Los Angeles.
Federal authorities bring dozens of cases each year against companies accused of defrauding investors by offering unreasonably high returns. What made the Flores case unusual was its target investors.
"We have not in this region seen an investment fraud that we're aware of, or brought a case against, that involved the Hispanic community," said Finola H. Manvelian, assistant director of the SEC's regional office in Los Angeles.
Of the $23 million collected from investors in California, New York, Georgia, Utah, Nevada, Texas and Illinois, about $13 million was paid out as returns to investors, the SEC said. Flores lost more than $5 million in high-risk and speculative investments, according to the lawsuit.
"There's no money left. It's horrible," Manvelian said. "The money has just been completely misappropriated by her."
Made a Bad Investment, Need Info - what are the real estate penalties in nevada?
May 06, 2006 by pfrank215 | Posted in Investing
I made a bad investment on some homes in Nevada (Vegas) in December 2005 and can't afford to keep them past September of this year. I know if I sell before 2 years there might be tax penalties I have to pay, how much are those penalties? Also is there anything else I can do to be able to get out of this situation without losing money because selling the homes does gaurentee me not losing money. Is there any other option other than selling the homes or letting the bank foreclose on the homes that I can do. I'm eager to hear anyone's suggestions. Thanks.
There is no tax penalty. You just do not get the tax break for long term capital gains. You will pay taxes on your gain at the your regular tax rate. And don´t forget to includ all you costs in the propery, not just what you paid for it. Improvements are included in the costs.
muncie birder | May 06, 2006
Buying Land as investment in Nevada?
Feb 05, 2008 by ReallyFluffyKat | Posted in Renting & Real Estate
I've just been researching this as an option. I'm not very experienced, just someone starting on their first job, and thinking about stashing a bit of their money away in a variety of little investments.
I see land for great deals in Nevada and wonder if in 5-10 years it could be worth something.
I am careful to look for some place with easy road access. There are very nice towns nearby. What other things should I be looking for? What sort of zoning has the best potential for appreciation (all over a long term).
Any advice or hints would be much appreciated. Do you guys thing this is a silly idea and I should just hold on to my capital and put it in some bank instead? (with their pathetic interest rates :( )
Let me know what you feel about real estate investments in NV and what to look out for or avoid.
Thanks in advance!
Thanks guys. I think you saved me from investing in a total piece of desert out in the middle of no-where (it was no where close to any big city). I am happy i asked :)
Was the Owner of Chemlift , Michael Sweaney involved in a investment scam in 1997 in the state of Nevada?
Jul 01, 2008 by The Truth | Posted in Corporations
Why yes he was. Michael James Sweaney who owns Chemlift / HMR Corporation was charged in an investment scam back in 1997. You can see the info here at this website:
Once you are on the pdf, click the binoculars on the left side and search for Michael James Sweaney.
He was charged with one felony count of Racketeering, one felony count of Racketeering Conspiracy, three felony counts of Securities Fraud, one felony count of Offer and Sale of an Unregistered Security, and one felony count of Transacting Business as an Unlicensed Broker-Dealer and/or Sales Representative.
Today I called the Washington State Department of Licensing and they told me Michael Sweaney does not even have a business license for Chemlift / HMR Corporation. Maybe he is trying to avoid paying taxes. Seems like the same thing he was doing back in 1997 is maybe what he is doing now.
Nevada Investment Land - Home
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Workforce Investment System and Welfare Reform in Nevada (Power Point Presentation) ... "Working to make the state's workforce investment system--Nevada JobConnect ...
HispanicBusiness.comInvestment firm targeted Latinos in Ponzi scheme, SEC alleges New York, Georgia, Utah, Nevada, Texas and Illinois, about $13 million was paid out as returns to investors, the SEC said. Flores lost more than $5 million in high-risk and speculative investments, according to the lawsuit. "There's no money left. Company Employing Ponzi Scheme Targeting Hispanics Charged by SEC
Las Vegas SunStation, which caters to residents of the Las Vegas area, has been among the hardest hit as unemployment in Nevada soared and thousands of casino workers have lost their jobs, or had their work hours reduced. As of December 2008, Station had $5.78 Creditors grant Station Casinos extention
KXNTNevada AG: Ex-Southwest Exchange chief indictedAP LAS VEGAS—Nevada State Attorney General Catherine Cortez Masto says the former chief of a defunct Henderson investment company has been indicted on felony embezzlement charges. Masto said Monday that former Southwest Exchange Inc. officer and Southwest Exchange director indicted for embezzlement
