Talk about tilting at wind mills. About 300 small investors put $19 million into Las Vegas' Moulin Rouge resort development. Many of the frustrated lenders have died without getting their money back, reports the Las Vegas Review-Journal.
The property, which is located in a lower-income part of town far away from the fabled Strip, went into receivership in 2013. It was appraised for $6.67 million in 2015.