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Nevada Timeshare News: January 13, 2018

Timeshare news 24/7 

LAS VEGAS: Standing 28-stories tall, the iconic sign at the Westgate Las Vegas Resort & Casino is the world’s largest free-standing outdoor sign, but that’s not enough to satisfy Westgate.

The sign has recently received a major digital upgrade in partnership with New Tradition, boasting state-of-the-art LED video displays cover a combined 15,000 square feet, with 16mm LED display areas of nearly 5,600,000 pixels that is larger than the Dallas Westgate Las Vegas SignCowboys’ famous stadium video displays.

The sign, with its 15,000-square-foot digital LED upgrade, stands outside the front door of the number one Convention Center in the world, offers unparalleled visibility to pedestrian, vehicular traffic and convention goers that take the monorail and its displays are set to “shock and awe” convention attendees and brand marketers alike.

Take that, Dallas! 😀

ALSO IN LAS VEGAS: Here’s a bit of a treat for those of you who followed the sins of the Jariv gang a couple of years ago, a family whose activities included timeshare resale fraud and bio-fuels fraud among other things.

They were notorious in Vegas for the boiler rooms they ran, and that’s saying a lot considering the multitude of similar rooms that are still proliferating in the city. The Jarivs not only cheated their customers, they also cheated the people who worked for them – in an amazing variety of sordid ways.

The family operated a multimillion dollar timeshare fraud and money laundering scheme spanning nearly five years that was operated primarily out of Las Vegas, NV, but they were prosecuted in Texas once the law caught up with them. In the end James Assi Jariv, Alexander Jariv, Jiwon Jariv, Varda Jariv, Ronald Frank Muise, Michael Derek Muise, Thresa Lloyd and Leon Avedikian were all convicted on various counts of fraud.

This post’s focus is on the youngest member of the gang, Alexander Jariv, son of the head of the family James Assi Jariv.

Alex, as he’s known, was sentenced by the Texas court to 60 months in Federal Prison on charges of Conspiracy to Commit Mail & Wire Fraud in Connection with Telemarketing; the sentence will be followed by 3 years of supervised Release with special conditions; and $5,043,387.73 in restitution.

For the biofuels scam, he was sentenced in Nevada to 30 months custody, to run concurrent with his Texas sentence.

He is serving his sentence at a medium security federal correctional institution in rural Sheridan, Oregon; his release date is February 26, 2019.

The reason I bring all of this up is because Alex also has connections to Australia and recently a reporter named Rachel Olding, writing for The Sydney Morning Herald, managed to get an interview with him in prison and she has written up a real doozy of an article that goes into deep detail about the family and its crimes. Headlined “Sins of the father: The rebellious Sydney rich kid finding hope in a US prison”

The interview is both straight forward and revealing; he holds nothing back. At face value, it appears that Alexander may have found some sort of redemption in prison. Either that or he has become even more practiced at “story telling”.

Per the article:

The premise was simple and dirty. They targeted mostly elderly people wanting to sell their timeshare properties, which come with notoriously complicated exit clauses in the US. They charged fees – up to $200,000 in some cases – and strung owners along, saying one buyer had fallen through but another was waiting if they could cough up a bit more. But there were never any buyers.

When complaints mounted, they would shut down the company, start another and write fake testimonials. Investigators found 15 companies in total and Jariv said “fortunes” were spent on hiring lawyers to fend off complainants. Hundreds of thousands of dollars were siphoned off to bank accounts in Australia and Israel.

Jariv says he was only half-interested in the business at the start but he became dependent on his father. By 2010, he was living in Los Angeles and fully committed to the job, earning $15,000 to $20,000 a month that was mostly blown on cocaine, partying, living in hotels and flying a private airplane his father bought for him. Police later seized the plane, Jariv’s Hummer, a luxury Vegas apartment and millions in cash.

Regarding his situation in prison as the aftermath of the scams, he told Ms. Olding:

“I was so angry for a long time but I take full responsibility now, I deserve to be where I am,” he says. “I needed a shock like this in order to drastically change the trajectory of my life.”

Apparently he and his father are now estranged. Asked if he will speak to his father one day, he said, “Right now, the answer is no.”

Time will tell.

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Permanent link to this article: https://www.insidethegate.com/gatehouse/2018/01/nevada-timeshare-news-january-13-2018/

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