Katy Did! Katy Did!
Yep, I know that’s an insect, an annoying little insect. Wikipedia says katydids disguise themselves brilliantly as dead rotting leaves complete with holes in them.
I do strain for metaphors once in a while, but an HOA manager in Katy, Texas, disguised himself as a worthless piece of dead, rotting debris when he decided to steal a million dollars from his neighbors. 34 year old Taggert Mayfield pleaded guilty to money laundering, scoffing at his fiduciary dutues, and bald-faced theft from homeowners who profoundly trusted him.
Many of those homeowners were elderly and had saved all their lives to buy their retirement homes. Mayfield, who owned Arrow Management Company did lots of business in Fort Bend andHarris Counties. An Assistant D.A. says Mayfield was really “living the dream,” as a parasite sucking the life blood out of his neighbors’ financial dreams. He devestated a number of helpless homeowners, who will never again see the American HOA movement the way they once did.
Don’t think for a second, though, that Mayfield is alone. And don’t think that Las Vegas homeowners are alone as they struggle to recuperate from a hundred million dollar swindle the feds are still investigating in Nevada. No, folks, this kind of raw theft is going on in cities across the country. When an HOA demands total trust but refuses to install any safety checks, the HOA board officers are absolutely as guilty as the embezzlers. When lawyers are hired to suppress any protests by suffering homeowners, there’s something evil going on beneath the surface.
Just check it out.
