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Reminder: Don't Embezzle Money From Work

By Chuckmonster on Thursday, 2nd March 2006 10:38pm
  » filed under Las Vegas  comments: 0

   

The former lawyer for John Ascuaga's Nugget in Sparks was arrested Wednesday on suspicion of embezzling more than $3 million from the company from 1992 to 2005.

Richard Lee Davenport, general counsel for the Nugget for 15 years, was booked at the Washoe County Jail on two felony embezzlement charges, District Attorney Richard Gammick said. Each count carries a maximum sentence of 10 years in prison.

Davenport was released from jail Wednesday afternoon on $5,000 bail, said his lawyer, Cal Dunlap, and has surrendered his license to practice law. "He intends to plead guilty to the charges and make substantial restitution by liquidating his personal assets," Dunlap said. "He has a gambling problem, and other personal problems.

"It's sad, because it involves his close friends. It's a shock to me. I've known the guy forever."



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