'If you throw enough mud at a wall, some will stick," was the way one insider described what he believes is a ploy by Mob associates to pump up the price of the Crazy Horse Too so as to exclude legitimate buyers, and cover all Rick and Lisa Rizzolo's financial obligations plus give them a profit for all their trouble.

 

When a source at CB Richard Ellis Real Estate Company (CBRE) was asked if he knew who the high-ball offers came from or if they were qualified buyers, he responded "I do not know who they are."

 

In the real estate industry, most buyers in the $28 - $35 million category are well known to commercial brokers -- especially brokers who work for a company as big as CBRE -- and especially if the buyers are offering all cash!

 

 
        Crazy Horse Too                                        Scores  

Two of my sources asked the same question; "Why would anyone bid between $28 and $35 million for a broken down warehouse on 2.65 acres next to the tracks when the newly constructed "Scores" (formerly "Jaguars") recently sold for $20 million including an operating liquor license and 5.5 acres of prime Desert Inn Road land?

And, the Crazy Horse appraised at only $5.4 million!

The answer may be that the Crazy Horse could only make such a fortune by robbing and extorting its customers. Scores has no such reputation. Only someone with plans to resume Rizzolo's brutal business practices would bid so high.

 

Judge Pro should red flag if the winning bid comes in at five or six times the property's appraisal of $5.4 million because the Mob has no intention of giving up its gold mine.

We should know the answer by November 15 when the winning bid is expected to be announced.

Rizzolo crony gains $180 million dollar windfall

According to the Las Vegas Review-Journal, "A holding company for the Triple Five Group bought the 5.43-acre site where the La Concha motel once stood for $180 million, or $33.1 million per acre, in October."

In other words, it would not be hard for the Department of Justice to connect Rizzolo with Doumani, and it's long been known the Feds want nothing to do with anyone associated with Rizzolo.

The United States Department of Justice, District of Nevada     Tuesday, January 23, 2007 PRESS RELEASE   Additionally, defendants’ plea agreements require The Power Company, Inc. to sell The Crazy Horse Too by June 1, 2007. The Government has the right to disapprove the sale if the buyer is a close relative or ongoing business partner of Rizzolo’s, is a felon, or has business dealings with organized crime members or groups.   FULL PRESS RELEASE: http://www.usdoj.gov/usao/nv/press/January2007/Rizzolo012307.htm

An amazing MOTION was filed with Judge Pro on October 30, 2007

This MOTION filed by Rizzolo attorneys Patti & Sgro intends to supersede the contracted obligations of CBRE and requests that if Judge Pro approves a buyer that bids less than the amount Rick and Lisa Rizzolo owe, in order to protect their hidden assets, a Third Party Manager approved by the Rizzolos be appointed to re-open the blood soaked topless bar before its grandfathered zoning expires and its worth reverts back to warehouse value.

The MOTION also cries out that Rick and Lisa "are on the verge of financial ruin if a sale is permitted below $29 million!"

The MOTION boldly states, "Defendant has the right to oppose a sale that is below fair market value," then it recommends a choice of one of two Third Party Managers including the firm that secretly runs the Philadelphia Crazy Horse Too, or a man who had dealings with Vinny Faraci.

HELLO Patti & Sgro! Your client is locked in a cell at the Los Angeles Federal Detention Center. Since when does such a person have "rights?" Did Willie Nelson have the "right" to turn down the below market value sale of his farm after it was seized by the Federal Government? No. And neither should your client -- even with all his political connections!

The 53 page MOTION three times mentions "bankruptcy."

In his sentencing of Rizzolo, Judge Pro clearly ordered that bankruptcy was not an option -- that Rizzolo could not declare bankruptcy to protect his assets. I can't understand how Patti & Sgro can use bankruptcy to try to pressure the court at this late date. They were present when Judge Pro made his order, and did not protest it at the time.

Since Rizzolo's ex-wife participated in what appears to be a scam to hide the couple's ill begotten assets derived during the term of their marriage, she could be charged with Conspiracy to Defraud the United States of America.

Here are excerpts from Rizzolo's latest and most desperate MOTION filed Friday November 2: