Clark County judge freezes assets of three

May 25, 2007 - 9:00 pm

A Clark County district judge on Thursday temporarily froze the assets of three individuals in connection with the failure of Henderson-based Southwest Exchange, which controlled an estimated $95 million in clients' assets.

District Judge Elizabeth Gonzalez issued a temporary restraining order prohibiting disbursement of assets by former Southwest Exchange Chairman Donald McGhan, his son James McGhan, and daughter Nikki Pomeroy.

Plaintiffs' attorney Duane Frizell filed the application for a temporary restraining order, citing evidence that Southwest Exchange money had been transferred to other entities.

Gonzalez denied his request for a temporary restraining order against two other defendants, but she will hold a hearing June 1 on a preliminary injunction that would freeze assets for more individuals and for a longer time.

Southwest Exchange was an accommodator, a company that held money for real estate investors seeking to delay taxes on profits from the sale of real estate.

The Watermark, a mixed use apartment complex, pictured on Monday, Feb. 27, 2024, in Henderson. ...

Developer of Henderson mixed-use project files for bankruptcy

By Sean Hemmersmeier / RJ

July 17, 2024 - 12:34 pm

The developer of a mixed-use apartment project on Henderson’s Water Street has filed for bankruptcy.

Drowning at Las Vegas gym pool caught on camera — VIDEO

By Sean Hemmersmeier / RJ

July 17, 2024 - 12:57 pm

Surveillance video from a Las Vegas Athletic Club gym provides more clarity on what happened when a woman drowned in the gym’s pool.

Cage the Elephant, Sublime headline SEMA Fest’s retun

By Jason Bracelin / RJ

July 17, 2024 - 11:11 am

The second incarnation of the automotive-centric music fest done in conjunction with the SEMA Show moves to the Las Vegas Convention Center thsi year.

An affordable housing project has been proposed for the southwest valley. (Bizuayehu Tesfaye/La ...

Affordable housing project proposed for southwest Las Vegas

By Patrick Blennerhassett / RJ

July 17, 2024 - 10:23 am

The Southern Nevada District Office of the Bureau of Land Management is seeking public input on the proposed 20-acre project.

Final closing ceremony — with an eruption — at Mirage

By Richard N. Velotta / RJ

July 17, 2024 - 9:57 am

Executives paid tribute to the resort’s loyal employees, and there was one final volcanic eruption before the doors are locked and the Hard Rock transition begins.