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Ex-Vegas high-rise exec pleads guilty in $5.4M theft case

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Updated: 3/25/2013 7:38 pm
LAS VEGAS (AP) -- A former regional controller with prominent Las Vegas high-rise builder Turnberry Associates has pleaded guilty in federal court to conspiring to steal about $5.4 million from the company over a five-year span.

U.S. Attorney Daniel Bogden says 51-year-old Hope Ippoliti entered her plea Monday to one count of conspiracy to commit wire fraud.

Her plea deal avoids trial on another 25 charges in an indictment handed up last December.

Ippoliti could face 20 years in prison and a $250,000 fine at sentencing July 11.

A co-defendant, Turnberry executive Rocco Lazazzaro, is scheduled for trial April 23.

Lazazzaro is accused of accepting money funneled to him from 2007 to 2012 and of trying to use "force, violence and fear" to extort more money from Turnberry last year.

AP-WF-03-25-13 2255GMT

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