1031: Henderson, Nevada: "Southwest 1031 Exchange" in Recievership, 83 Million missing
- 02/19/07 01:20 PM
I must quote two sources because I thougt it important for local real estate professionals to know that "Southwest 1031 Exchange" is in Recievership with 83 Million dollars missing from its accounts. I listed two quotes below an their respective links for further information that I thought should be passed on in case the news was missed. I take no credit for the information listed below. 1) Written by Brian K Miller: "1031 Accommodator Closes; Funds in Question - HENDERSON, NV-A local Judge puts Southwest Exchange into receivership after it suspends operations without reimbursing investors. GlobeSt.com talks to the employee who called the FBI". - www.globest.com/news/839_839/lasvegas/152763-1.html 2) Another I-Team … (27 comments)
I must quote two sources because I thougt it important for local real estate professionals to know that "Southwest 1031 Exchange" is in Recievership with 83 Million dollars missing from its accounts. I listed two quotes below an their respective links for further information that I thought should be passed on in case the news was missed. I take no credit for the information listed below.
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