Congressional candidate Danny Tarkanian faces $17 million federal court judgment

Wednesday, May 30, 2012 | 10:23 a.m.

A federal judge in California has issued a devastating judgment against Danny Tarkanian, family members and others in a long-running legal case that could have an impact on his bid to be the GOP nominee for the new congressional seat.

The judgment, which I have posted at right with two other relevant documents, comes at the culmination of a legal battle over property in Riverside. Tarkanian claimed this morning to be unaware of the judgment, saying, "This certainly isn't good news." But he vowed to appeal.

This part of the FDIC's argument is particularly damning:

"The Borrowers’ principals (collectively “Guarantors”) personally and

unconditionally guaranteed repayment of the loans to LJB. The Guarantors’ Answer

admits they executed the Guaranties, and the Guaranties expressly waived any

defenses other than repayment of the loans. The Borrowers defaulted in their

performance of the loans, and the Guarantors have failed to satisfy the indebtedness.

This is sufficient to enter judgment in FDIC-R’s favor on its Complaint for Breach of

Guaranty.”

There's no way Tarkanian, his mother, Lois, a Las Vegas city councilwoman, can afford the judgment. And this has to make Steven Horsford's minor debts as a young man, fed to a "newspaper" by the National Republican Congressional Committee, pale in comparison.