Luxury Rental Firm's $33M Fraud Judgment Triggers No-Bail Warrant Amid Cross-Border Enforcement

The escalating enforcement of U.S. civil judgments against high-net-worth debtors has taken a dramatic turn in Nevada, where a no-bail bench warrant has been issued for David Nakama Oancea, known as "Vegas Dave," in connection with a $33 million judgment obtained by Cabo Platinum, LLC. The case underscores the growing complexity of collecting assets that span borders, cryptocurrencies, and luxury goods, as courts increasingly deploy contempt powers to compel compliance.

According to public filings in the Eighth Judicial District Court of Clark County, Nevada (Case No. A-24-892991-B), the warrant was issued on August 14, 2026, after Oancea failed to satisfy court-ordered turnover obligations. The underlying judgment, entered on July 17, 2025, totals $30,200,590.10, plus attorneys' fees of $293,867.75 and costs of $16,979.65, as detailed in the court's official Findings of Fact, Conclusions of Law and Order.

Judge Tara Clark Newberry presided over a six-day evidentiary trial that concluded with a July 17, 2026, order finding Oancea in contempt of a September 29, 2025 turnover order. That order required him to surrender specific assets, including cryptocurrency holdings, a $400,000 Richard Mille watch, Hermès Birkin bags, and his interest in three Los Cabos villas. The court's written findings determined that Oancea's claimed inability to comply was "self-created and strategic," and that his testimony lacked credibility.

A cryptocurrency-tracing expert testified that $375,337.35 in digital assets were transferred through offshore exchange accounts after the turnover order took effect. That amount was designated as a purge condition in the bench warrant. Additionally, the court noted that Oancea had sworn under oath four times in 2024 to owning the three villas, before claiming an unrecorded assignment to his father in December 2023—an assignment that was registered only nine days after the turnover motion was granted.

The court gave Oancea until August 5, 2026, to comply or surrender for incarceration by August 6, 2026. Official records indicate neither condition was met. Consequently, Judge Joe Hardy of Department XV signed the bench warrant, setting bail at "NO BAIL" and authorizing service at any hour. The warrant specifies that release may be secured by surrendering the designated items or cash equivalents, transferring the traced cryptocurrency to court-designated accounts, or executing a power of attorney admitted into evidence.

This case highlights the challenges creditors face when debtors hold assets in multiple jurisdictions. Cabo Platinum, a luxury vacation rental and yacht charter company based in Los Cabos, Mexico, has pursued litigation in Nevada since 2024, alongside parallel enforcement proceedings in Mexico. A separate merits appeal remains pending before the Nevada Supreme Court, but the current warrant focuses strictly on post-judgment compliance.

"We intend to use every lawful enforcement mechanism available to us in both the United States and Mexico," stated a Cabo Platinum representative. "This warrant reflects the official findings of the court."

Court filings remain publicly accessible through the Eighth Judicial District Court of Clark County, Nevada, and are indexed at vegasdavelawsuit.com. According to company statements, Cabo Platinum has submitted location details to law enforcement and continues to work with legal counsel in both jurisdictions on judgment collection.

The case serves as a cautionary tale for debtors who attempt to shield assets through offshore transfers or familial assignments. Courts are increasingly willing to use contempt proceedings and no-bail warrants to enforce judgments, particularly when evidence suggests deliberate evasion. For creditors, it demonstrates the importance of thorough asset tracing and persistent legal action across borders.

As the legal proceedings continue, observers will watch whether Oancea surrenders or is apprehended, and how the Nevada Supreme Court handles the pending appeal. The outcome could have implications for similar cases involving luxury assets and cryptocurrency.

About Cabo Platinum: Cabo Platinum is a Los Cabos, Mexico-based luxury vacation rental, yacht charter, and real estate management company serving clients across the Baja California Sur region.

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