$2 Million in Financial Irregularities Since Frank Barry
Became Manager -- Why the Board Won't Let Owners Examine Books
George Simpson, Owner of Unit C-4, has discovered extensive financial
irregularities and embezzlement, estimated to add up to over $2,000,000 since Frank Barry
became manager of SBCW. Continued denial of his right and the right of owner Bill Dzio to
examine the books in detail is preventing him and Mr. Dzio from further documenting these
financial irregularities and therefore is an obstruction of justice.
Why does the Board of SBSC continue to break the law by preventing the
Audit that is Mr. Simpson's and Mr. Dzio's right under the law to perform? They have big
irrigularities to hide.
The Condominium Law of the Virgin Island allows any owner to examine the
records of the Condominium Association.
Section 919 of the VI Code, Condominium Act;
Books of receipts and expenditures; availability for examination;
The manager or Board of Directors, as the case may be, shall keep
detailed, accurate records in chronological order, of the receipts and expenditures
affecting the common areas and facilities, specifying and itemizing the maintenance and
repair expenses of the common areas and facilities and any other expenses incurred. Such
records and the vouchers authorizing the payments shall be available for examination by
the apartment owners upon reasonable notice in advance at convenient hours of week days.
An annual audit by an independent auditor shall be made of the books and records.
The Board of Directors -- by letter from each one of them -- continues to
deny George Simpson his right to examine the books.
See the letters which unlawfully prevent George R. Simpson from auditing
the books of SBCW:
Letter from Edith Rohrman
(Elected in violation of Bi-laws Click Here)
George (Bud) Wood