Sunday, August 12, 2007

Dare's role in Pastures cost association $100,000 - Albany NY
Another property manager financial scandal, this one from New York, unearthed by Fred Pilot:

ALBANY -- An advocate for the Historic Pastures Homeowners Association, which lost more than $100,000 in association dues from the mismanagement of the properties by Aaron R. Dare, said federal authorities have refused to identify the group as a crime victim, weakening their efforts to obtain restitution. Dare, 38, who bought the properties in August 2002 as part of an illicit $8 million scheme, defaulted on the mortgage shortly after it was approved. Still, he continued collecting rents, association dues and rent deposits, and had instructed his property managers to encourage tenants to pay their various fees in cash, according to federal court records and people who worked for him.

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