Full Report

Key Points

  • Jason Levy, a former property manager, was convicted for embezzling over $1.5 million from the Dezer Hotel Corporation between 2005 and 2009.

  • He was fired from his position at International Village for misconduct and later found to have engaged in similar fraudulent activities while managing the property.

  • Despite being under felony prosecution for embezzlement, Levy was hired by AMG and served as property manager for International Village in 2012.

  • His fraudulent actions involved creating false invoices and misappropriating funds, which were later uncovered by the Board of Directors.

Overview
Jason Levy is a former property manager who previously worked for the Dezer Hotel Corporation before managing International Village in Florida. His role included overseeing operations and financial matters, but his tenure was marred by multiple instances of financial misconduct.

Allegations and Concerns

  • Levy embezzled funds by creating fraudulent invoices for non-existent services during his time at the Dezer Hotel Corporation.

  • After being dismissed from Dezer, Levy continued similar fraudulent activities during his employment at International Village, defrauding the association of hundreds of thousands of dollars.

  • The former Board of Directors and AMG are under scrutiny for their role in hiring Levy despite his criminal record and ongoing prosecution.

Customer Feedback

  • Negative feedback predominantly centers around Levy’s fraudulent behavior and the lack of proper background checks during his hiring process.

  • The community voiced strong criticism of AMG and the previous Board members for their failure to vet Levy, with one Board member calling the situation a “failure of fiduciary responsibility.”

Risk Considerations

  • Financial: The fraudulent activities caused significant financial losses to the entities involved.

  • Reputational: The association faced a tarnished reputation, especially due to the actions of the Board members who hired Levy.

  • Legal: Legal risks include potential lawsuits from affected parties and further scrutiny of the Board members involved in Levy’s hiring.

Business Relations and Associations

  • Levy was employed by AMG, a property management company that hired him despite his criminal background.

  • There are strong allegations that some Board members were complicit or negligent in allowing Levy’s actions to continue undetected.

Legal and Financial Concerns

  • Levy filed for bankruptcy to avoid paying back stolen funds.

  • The Board’s improper hiring of Levy has led to lawsuits and accusations of misconduct, further complicating the legal landscape.

Risk Assessment Table

Risk Type Factors Severity
Financial Loss of funds from fraudulent activities High
Reputational Damage to the association’s image High
Legal Ongoing lawsuits and prosecution Medium
Operational Mismanagement and negligence by the Board Medium

In summary, Jason Levy’s career was marked by serious ethical and financial misconduct, including significant embezzlement and fraud during his tenure as a property manager. His actions had severe financial and reputational consequences for the entities involved. Despite ongoing criminal charges, his rehire at International Village points to significant lapses in due diligence by those responsible for his hiring.