LV Realtors allege embezzlement by ex-employee

The Greater Las Vegas Association of Realtors sued a former employee, alleging she embezzled several hundred thousands of dollars over nine years.

The Realtors are conducting an audit to determine exactly how much money allegedly was taken, said attorney Albert Marquis.

The District Court suit said the Realtors association discovered numerous inconsistencies in book-keeping records managed in 1998 by the defendant, Denise Quigley. It accused her of falsifying records of deposits totalling $165,649 in 1998's bank reconciliation to cover her alleged theft of the funds.

Quigley was hired in 1990 and was responsible for managing all funds paid to the organization by its 5,000 licensed real estate agent members.

The suit said she resigned voluntarily on June 4, allegedly because she wasn't able to reconcile the Realtors' accounts.

The Realtors association said it had written Quigley a letter asking for an explanation for the missing funds, but received no response.

"There was no suspicion of embezzlement until after she left," said Marquis.

Quigley could not be reached for comment.

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