October 22, 2014
LAS VEGAS (AP) - Nevada Republican congressional candidate Danny Tarkanian is asking a federal judge in California to set aside a
$17 million judgment against him and others stemming from a failed
real estate deal.
The move comes as the Federal Insurance Deposit Corp. seeks
repayment of a loan Tarkanian and others guaranteed for a developer
through a family-owned businesses, Vegas Diamond Properties.
The developer filed for bankruptcy and the bank that made the
loan, La Jolla Bank, was taken over by the FDIC. The agency sued
the Tarkanians and others to recoup the loan plus interest.
Las Vegas political columnist Jon Ralston reports a hearing is set for Aug. 13 in San Diego.
Tarkanian won the June Republican primary for Nevada's new 4th
Congressional District. He faces Democrat Steven Horsford in
Copyright 2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.