The president of a Florida Homeowners Association is charged with stealing more than $500,000 from the community he was supposed to serve. While David Meadows claims that the charges are beyond his comprehension(see source below), his actions during the past four years leave a lot of questions. Money intended for the HOA community Meadows' administered went, instead, to a number of other places, ranging from Meadows’ own mortgage to businesses he used to run. And if that wasn’t enough, there’s the structure of the board itself. Instead of the traditional officers, the only board members in charge of this community were Meadows and his wife. Allegations show that Meadows did not manage this HOA, he ruled it. Due to his ownership of multiple units in the community, he controlled the votes performed. The property management company performing services to the association also belonged to Meadows. Many community owners also complained about receiving outrageous fines from the association ranging from possessing satellite dishes to having bent screens on their homes. These violations would cause Meadows to charge these homeowners $100 a day. Meadows allegedly used these fees to pay back money he owed through the companies he managed. The homeowners in this HOA can only hope that justice will be served.
Click here to view the source used in this post: http://www.newschief.com/article/20120912/NEWS/209125007/1021/NEWS01?p=1&tc=pg
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