Retirees Angered by Board

Robert’s Justice recently acquired documents that confirm allegations of mismanagement by the governing body of the retirement community Laguna Woods Village, previously called Leisure World. The document was a letter tendered by the Law Office of Crowell & Moring to the Office of the Attorney General of the State of California seeking assistance in investigating the matter. The letter alleged that the governing body, together with its partners, are or were in the process of selling properties that belong to the retirees in a manner that violates the governing documents. One particular member of the community - our friend Roy - did express concerns of the possibility that the revenues generated from this and other sales are being moved to various trust accounts to avoid oversight, effectively separating the money from it’s intended beneficiaries – the retirees. The letter also said the following: 

The residents believe that these problems are merely the tip of the iceberg, but my clients and the other members lack the resources to fund an adequate investigation of the community themselves.

The letter also mentioned two previous OC Register articles that reported allegations of mismanagement and other improprieties which we now feature on this blog.

VIEW THE CROWELL & MORING LETTER
VIEW THE OC REGISTER ARTICLE (1)
VIEW THE OC REGISTER ARTICLE (2)