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  • Report:  #913842

Complaint Review: Jared Shafer

Jared Shafer Bruce Gamett and Shawn King Jared Shafer rips-off North Las Vegas Pension funds through bad investments Las Vegas, Nevada

  • Reported By:
    Riley — North Las Vegas Nevada USA
  • Submitted:
    Wed, July 18, 2012
  • Updated:
    Wed, July 18, 2012

Im a public servant who has worked for  North Las Vegas for fifteen years.  My salary has been frozen, and North Las Vegas mayor Sharon Buck claims it was because of declining revenue.  Unfortunately shes only telling part of the story.
My city was robbed by three criminals: Jared Shafer, Bruce Gamett & Shawn King.  Jared Shafer, Clark Countys former public guardian was the leader and through his advice, North Las Vegas invested $10,000,000 of employee pension funds into Vescor, a real estate fraud that went Bankrupt in 2007.   The case was tried in the Utah federal court in 2008 with our three robbers settling for modest fines. Interested readers can learn facts about this case by Googling Vescor Corp or Sally B. McMinimee.  North Las Vegas covered up Mr. Shafers fraud through clever bookkeeping, but Alice and Wonderland financing will only hide fraud for a limited time.   Im currently investigating the activities of Jared Shafer, Bruce Gamett and Shawn King.  What I found is beyond anything that can be described in one report.

 Mr. Shafer  has a life long history of robbing the elderly under the illusion of guardianship.  Bruce Gamett and Shawn King are certified public accountants who will sign any document Mr. Shafer places in front of them. Bruce Gamett and Shawn King have made a lot of money backing Mr. Shafers frauds.  The trio has been involved in wire fraud, selling securities without a license, submitting false documents to courts of law, Medicare fraud and suspected embezzlement in senior trust accounts.  Public officials living in Clark County have been engaged in a lifelong occupation of covering up Mr. Shafers crimes. Mr. Shafer was able to gain access to North Las Vegas officials because Patience Bristol was dating an influential member from North Las Vegas investment committee.   Rumor has it Senator Harry Reid has been involved because the senator and Mr. Shafer have a history dating back to 1985. 

 Now North Las Vegas has lost thirty million and we know $10,000,000 or 33% of this loss can be directly attributed to the activities of Jared E Shafer. Mr. Shafer has lived his life with a Teflon coating, which has allowed him to slip through at least five federal investigations, which have been launched against him.  Weve learned the government has a new open ear into his activities.  We can only hope the sixth investigation will be the one.  It would be ironic if some labeled this case 666. 
 

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