Investors worried after fire burns ex-felon's Henderson house

[Demovictory9]

The $1.2 million-Henderson home of former felon John Thomas burned to the ground last month in a blaze that the Henderson Fire Department said was caused by an electrical malfunction. There were no injuries.

From that home, Thomas operated his betting business, which he claimed was generating millions of dollars in profit for clients. However, client emails viewed by the Review-Journal indicate at least a dozen claimed they were not paid.

Now some of them worry what the fire will mean to their chances of recovering their winnings, their lawyer said.

“They know what has happened in the past,” said Las Vegas attorney Matthew Callister, referencing a 2015 lawsuit against Thomas by a client who claimed he was owed $1 million, including principal and profit.

Thomas told a Nevada District Court he couldn’t pay the client because sports betting tickets worth millions of dollars were lost when an employee drowned during a short trip to Nicaragua earlier that year.

Thomas did not answer his phone or respond to emails. His lawyer, Crane Pomerantz, declined to comment.

https://www.reviewjournal.com/business/investors-worried-after-fire-burns-ex-felons-henderson-house-1704521/