Wednesday, October 27, 2010

Wells Fargo denies wrongdoing in foreclosing on land in Las Vegas slated for Hotel Casino

Wells Fargo Bank officials have denied they wrongfully foreclosed on Las Vegas land planned for a massive hotel-casino and condominium project, saying the charges are "complete and utter fabrications."
In a May 11 lawsuit filed in Clark County District Court, Miami-based Alkimya Investment LLC and Alkimya Addition LLC charged that Wells Fargo and BankAtlantic deceived Alkimya into thinking they wouldn't foreclose on land at about 300 E. Tropicana Avenue at Deckow Lane, across the street from McCarran International Airport, and then went ahead with the foreclosure anyway.

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