It’s always a sad day when a person in a position of trust violates the confidence he or she is given. It’s even sadder when the victims are elderly homeowners who’ve worked all their lives to save their money for retirement.
Homeowners Association boards and Property Management Companies, though, probably have more embezzlers than any other industry in America.
The latest arrest of a suspected embezzler happened in early July in St. Augustine, Florida. This blogger will enthusiastically post her name: she is 57 year old June Elizabeth Supko. She’s accused of stealing tens of thousands of dollars from the Captain’s Quarters Condominium Association.
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Another HOA Property Manager With Her Pinkie in the Till
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Everybody else has reported on this already, but I should at least get my take on the record. So here it is:
In Aurora, Colorado, a Homeowners Association is threatening to ruin the family of a three year old girl who uses colored chalk to draw flowers and hearts on the sidewalks in front of her home.
Seems that some wicked witch in the cul-de-sac complained that the chalk drawings were against the covenants and destroying the value of the neighborhood. The child, Emerson Cohen, is mystified at the dispute, but her mother is furious.
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.
You don’t hear many stories about HOA nightmares in Oregon and Washington. Well, folks, that’s changing.
Here’s a story that claims 31 Homeowners Associations in Oregon were ripped off by their management company. Homeowners are facing huge special assessments to make up for the loss. The management company employee embezzled up to two million dollars. HOAs from Portland to Forest Grove are struggling under the weight of the financial disaster.
Stunned homeowners were heard saying, “Gosh, you just don’t hear about this kind of thing happening.” to which our only comment should be “HA HA HA HA HA HA HA!”
35 years in the slammer! That’s what a judge handed out to Taggert Mayfield, a property manager who stole about two million dollars from a number of HOAs he managed. Rarely, kind readers, rarely will you ever see this kind of a sentence given to someone who steals from his neighbors. More often, it’s a wrist slap and a restitution order that never gets paid.
But 35 years! Homeowners in Houston ought to be out in the streets celebrating!