Proof Positive - Scandals #7A

NOTICE: Many of the thousands of unit owners may have read Scandals, Part # 7A; also, many have not, while others may have forgotten what they read; and, if you happen to have missed it entirely, - it is repeated herein below exactly as originally posted. Directly following SCANDALS, PART 7A, you will see the signed documents, both titled “online funds transfer voucher” which provides proof of the statements made in SCANDALS # 7A.

EDUARDO

Scandals Part 7A

Secretive and illegal dealings 

Your attention is directed to SCANDALS Part 7. In the last paragraph of that factual accounting, I made mention of the possible need for a SCANDALS Part 7A in order to complete SCANDALS, Part 7. Additional data has been uncovered which emphasizes the backroom, secretive and illegal dealings that the President, Mr. Israel, pulled right in front of your noses. He might have been trained to do just that.

Understand clearly, -- monies were used for paving roadways and sidewalks that were never approved or budgeted by the Delegate Assembly, otherwise known as the UCO Board of Directors. Budgeted monies have been approved by the Delegate Assembly for a specific use. Approval for use other than as budgeted is necessary. Accountants have required documentation for any change to the budget and this information should be available from minutes of a meeting when changes are approved.

Dorothy Tetro, the elected Treasurer of UCO went on vacation toward the end of May 2012 to about the middle of June 2012. While she was away, the President, Mr. Israel, under a cloak of secrecy, -- electronically transferred $80,000 into the Road Reserve account; $30,000 taken from the Ambulance account and $50,000 from the General (Dues) account. This electronic transfer has a paperwork trail dated May 31, 2012, and it is signed by David Israel and Robert Marshall. It is clear that Mr. Marshall agrees with everything that Mr. Israel dictates.

It appears to be very clear that all of this backroom secret dealing was the work of Mr. Black, who, you may have observed, never puts his signature to anything involving dollars.

So, the total amount of money raped from these seven accounts now comes to $1,150,632. That’s correct, -- over a million bucks.

It was Black’s convoluted scheme to use every single cent that he could manipulate out of these accounts, and he was bold enough to do so because he had the backing of the President, Mr. Israel, himself.

Frequent payments were being made to the paving contractor, each payment $100,000 or more and at times the UCO Road Reserve checking account would have been overdrawn by thousands of dollars without the infusion of these illegally transferred dollars,. This was the shell con game – the repetitive shifting of monies to make up shortfalls; to offset negatives.

And, there is Mr. Israel looking out at all the Delegates with a shellacked smile on his face and saying nothing about the illegal shifting of over a million dollars of our money and the keeping of these dealings top secret. He’s looking right at you and lying to your face about how well the paving job is going. What do you do with such a person, -- elect him again?

Folks, this is more than just a SCANDAL.

EDUARDO