7:45 p.m., June 29
What? A Nevada Tarkanian Getting Drained?
The Federal Deposit Insurance Corp. (FDIC) made a move yesterday (Oct. 10) to register a $17 million judgment against Danny Tarkanian, who is running for Congress in a new district in Nevada, according to political observer Jon Ralston, Las Vegas newspapers, and website Daily Kos. The case is being heard in federal court in San Diego. The Tarkanian family is legendary in Las Vegas: Danny's father Jerry is the famous former basketball coach at University of Nevada Las Vegas, and Danny's mother Lois is a Vegas politician. Danny Tarkanian had hoped to stall the matter until after the election, but it appears the court may act next week.
Five years ago, Tarkanian family members, including Danny, Jerry and Lois, were major participants in a group that guaranteed a multi-million dollar loan to invest in an equestrian-designation real estate project in Anza being developed by Solana Beach's Robert Dyson, who has since gone bankrupt. The loan originated with La Jolla Bank, which was seized by the FDIC. The FDIC wants its money. Danny Tarkanian's lawyers agreed to an Oct. 8 deadline for answering the FDIC, but missed it. Danny Tarkanian had an alibi: his lawyer's father died, the Congressional candidate claimed. Danny Tarkanian said some Tarkanian family members might have to go bankrupt because of the convoluted matter, but hedged on whether he would be among them.
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