Cabo Platinum Secures No-Bail Warrant for Vegas Dave Over $33M Contempt

Cabo Platinum, a luxury vacation rental and yacht charter company based in Los Cabos, Mexico, announced today that a no-bail bench warrant has been issued for David Nakama Oancea, also known as "Vegas Dave," following his failure to comply with a court-ordered asset turnover related to a $30.2 million judgment. The warrant, signed by Judge Joe Hardy of Department XV in the Eighth Judicial District Court of Clark County, Nevada, stems from Case No. A-24-892991-B and was issued on August 14, 2026.

The civil judgment against Oancea was entered on July 17, 2025, and totals $30,200,590.10. The court's order required Oancea to surrender specified assets, including cryptocurrency holdings, a $400,000 Richard Mille watch, Hermès Birkin bags, and his interest in three Los Cabos villas. After a six-day evidentiary trial, Judge Tara Clark Newberry ruled on July 17, 2026, that Oancea was in contempt of the September 29, 2025 turnover order. The court found that Oancea's claimed inability to comply was self-created and strategic, and his testimony was not credible.

Court records and expert testimony revealed that a cryptocurrency-tracing expert identified $375,337.35 in digital assets transferred through offshore exchange accounts after the turnover order took effect. This sum was designated as a purge condition in the bench warrant. Additionally, the court noted that Oancea swore under oath four times in 2024 to owning the three villas before claiming an unrecorded assignment to his father in December 2023, which was registered nine days after the turnover motion was granted. The court also awarded Cabo Platinum $293,867.75 in attorneys' fees and $16,979.65 in costs.

Under the court order, Oancea was given until August 5, 2026, to comply or surrender for incarceration by August 6, 2026. Official records confirm that neither condition was met. The bench warrant sets bail at "NO BAIL," authorizing service at any hour. Release may be secured by surrendering the specified items or cash equivalents, transferring the traced cryptocurrency to court-designated accounts, or executing a power of attorney admitted into evidence.

The judgment stems from litigation pursued by Cabo Platinum in Nevada courts since 2024, with parallel enforcement proceedings in Mexico. A separate merits appeal remains pending before the Nevada Supreme Court, but the current warrant addresses post-judgment compliance matters only.

"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."

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

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. For more information, visit caboplatinum.com.

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Company: Cabo Platinum
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