Walter Lembi, the owner of about 300 apartment buildings in San Francisco and on the Peninsula, has been WANTED by Clark County, Nevada for defaulting on a check at Caesar’s Palace.

Trouble by bad business practice such as nonpayment of security deposits, and a long-standing city suit for unfair business practices and tenant harassment, Walter Lembi seems to have gone to the “gamble” route but it’s obviously not paying off.

According to the Clark County, Nev., district attorney’s office, there is a warrant out for Walter Lembi, managing director of the financially troubled Lembi Group, for allegedly passing $298,500 worth of bad checks earlier this year at Caesar’s Palace in Las Vegas.

According to a document from the Clark County district attorney’s office, dated July 1, the check fraud division is seeking restitution in the amount of $328,450 (including fees). The document lists Lembi’s recorded home address in Burlingame

via sfgate

Tags: caesar's palace, clark county, nevada, walter lembi, wanted

This entry was posted on Thursday, October 29th, 2009 at 11:14 am and is filed under News.