Henderson contemplating former councilman's agency to advise on monetary effectivity

LAS VEGAS (KLAS) — The Metropolis of Henderson is reviewing a monetary consulting contract for a agency of which a former metropolis councilman – trounced by his opponent and unseated from workplace in November’s election – is a accomplice, the 8 Information Now Investigators have discovered.

A spokeswoman for the town offered an announcement with regard to the corporate, Philo Ventures, and the previous councilman of Ward II, Dan Shaw, who misplaced his re-election bid to a newcomer final 12 months. Shaw served on the town council for seven years previous to being unseated by Monica Larson, who was sworn into workplace in January.

Shakeup on Henderson Metropolis Council might change political scene in Nevada’s second-biggest metropolis

“The City is reviewing a contract with Philo Ventures for financial efficiency consulting services,” the assertion mentioned. “Mr. Shaw is a partner consultant at Philo Ventures. He is not serving the City as a volunteer and will not work directly on these consulting services.”

The town, nevertheless, wouldn’t present the 8 Information Now Investigators with any specifics – or a replica – of the consulting settlement. Additional, the town didn’t reply questions on associating with Shaw for the needs of economic issues. In 2022, Shaw defended the primary of 4 federal lawsuits alleging predatory lending practices at his payday mortgage firm, Inexperienced Arrow Options.

Henderson metropolis councilman sued for predatory payday loans, charging 700% curiosity

By a spokesperson, Dan Shaw declined the 8 Information Now Investigators’ request for touch upon this subject.

On the state legislature’s 2025 session, Henderson Mayor Michelle Romero and her employees testified about sure finances challenges together with public security expenditures, pension prices, and fewer income than anticipated heading into the following fiscal 12 months.

Previous to his tenure on the town council, Shaw spent 11 years on the Henderson Planning Fee. He joined the Henderson Parks and Recreation Board in 1987. 

Philo Ventures, headquartered in Salt Lake Metropolis in keeping with public file and within the Utah suburb Lehi in keeping with the agency’s web site, lists Shaw as one in every of its capital advisers. A web site for Philo Growth, an entity marketed and linked to on the Philo Ventures webpage, lists Shaw as an advisory accomplice.