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Miami-Dade State Attorney Katherine Fernandez-Rundle says a seventh felony arrest has been made in the Hammocks Homeowners Association fraud case.
Her office announcing today that 63-year-old Jesus Cue is accused of racketeering, money laundering and grand theft as the accountant for the Hammocks.
This is the 7th arrest part of this ongoing probe of involving ex-board members accused of siphoning $2 million from the association.
According to Fernandez-Rundle, "Cue and his company, Worldwide Business Solution Corporation served as a business and accounting consultant to the Hammocks HOA board between October 31,2018 and November 4, 2022. During this 47-month period, Cue received $644,000.00 in vendor payments, an average of $161,000.00 a year. Cue testified in a Bankruptcy Court proceeding occurring during this same period of time, that the Hammocks HOA had no reserve funds and needed to take a $375,000 short-term loan in order to maintain normal operating functions."
She adds that “No homeowner should have to worry about how their HOA is handling the association’s funds.”
Cue is being charged with:
• 1 count Unlawful Compensation 1st Degree Felony
• 1 count Racketeering 1st Degree Felony
• 1 count Money Laundering 1st Degree Felony
• 1 count Grand Theft $20,000-$100,000 1st Degree Felony
• 1 count Organized Scheme to Defraud Fraud over $50,000 1st Degree Felony
• 3 counts Fraudulent Use of Personal Identification Information 1st Degree Felony