By Deborah Goonan, Independent American Communities
Matthew Dykeman and Andrew Raynor, executives of Shawmut Properties, LLC, managed several condo associations in Massachusetts and New Hampshire. They were arraigned on charges of theft in 2015, but the investigation began in the summer of 2014.
In this case, Dykeman and Raynor allegedly submitted fraudulent invoices for services that were never provided. According to a previous report, police were tipped off by former employees of the management company.
The two men have pleaded not guilty, and the trial date has been delayed three times. Several condo associations have been affected, although very few additional details have been reported so far.
It can take years to investigate and prosecute financial crimes such as embezzlement and fraud.
Shawmut Properties trial continued again
2 from Haverhill-based firm charged with stealing $100K from condo owners
By Peter Francis email@example.com
SALEM, Mass. — Members of condo associations in the region will have to wait until late this year, at soonest, to see if two members of a Haverhill-based company are found guilty of stealing $100,000 from the associations.
The trial of the executives of a Haverhill-based property management company accused of stealing about $100,000 from several condo associations has been continued to the fall.
Andrew Raynor and Matthew Dykeman of Shawmut Properties, LLC. will appear in Salem Superior Court on Nov. 1 for the continuation of their trial on larceny charges.The two are charged with stealing the money from condominium associations in Lawrence and Marblehead, as well as complexes in Bedford and Rochester, N.H., between Jan. 1, 2012, and Feb. 28, 2014, by sending false invoices for maintenance work which wasn’t performed from Shawmut’s offices at 200 Merrimack St. in Haverhill and 27 Charles St. in North Andover.
Read More: http://www.eagletribune.com/news/haverhill/shawmut-properties-trial-continued-again/article_ee168dca-b3c1-54ff-99f4-c5d4e1a8c30d.html
Garner, North Carolina police are still investigating reports of theft from 25 HOAs – all of them managed by Kornerstone Community Management. Still no sign of Diana Ellis Kelly, but search warrants were issued, which provided detectives access to Kornerstone records and computer equipment.
This is another investigation that is going to take months, given its complexity and the sheer number of Associations involved.
What’s astonishing in this case are the reports that Board members did not have access to the Association’s bank accounts. How could a bank manager allow account access for a Community Manager but not the HOA community’s Board?
Police execute search warrants in HOA case
No one has been arrested yet and it still may take some time, police say. The investigation is ongoing.“We want to make sure we conduct a thorough investigation before we consider charges,” Lt. Lori Smith said.
Read more here: http://www.newsobserver.com/news/local/community/garner-cleveland-record/article98053217.html#storylink=cpy