Southwest Miami-Dade, FLA – Eighth Suspect Arrested in Multimillion-Dollar Theft Scheme

Prominent HOA Controller Accused of Funneling Funds to Friends and Relatives

Southwest Miami-Dade, FLA (WSVN) – Police have arrested an eighth suspect, Jesus Cue, in connection with the alleged multimillion-dollar theft scheme that drained funds from the Hammocks Homeowners Association.

Cue, the HOA’s controller and accountant from 2018 to 2022, faces multiple felony charges, including racketeering, unlawful compensation, and money laundering. He is accused of using his position to funnel association funds to friends and relatives of HOA board members through fictional companies and associates.

High-Flying Salary and Criminal Charges

As the HOA’s controller and accountant, Cue received a salary of around $161,000 per year. However, investigators allege that he received over $644,000 in payments during his four years with the HOA, while claiming that the association had no reserve funds and required a $375,000 loan to sustain operations.

Shell Corporations and Fake Invoices

Prosecutors claim that Cue was involved in setting up shell corporations, which were then used to submit fake invoices to the HOA. Witnesses told investigators that some HOA board members set up fictitious companies to siphon HOA funds, with three of these companies allegedly linked to Cue’s business as their registered agent.

Financial Impact on Homeowners

The investigation has shed light on a crime that may be occurring throughout the state. State Attorney Katherine Fernandez Rundle emphasized, “No homeowner should have to worry about how their HOA is handling the association’s funds. Today’s arrest should make it blatantly clear.”

Criminal Charges and Jail Time

Cue’s arrest follows those of seven others, including former HOA board members and vendors accused of fraudulent billing practices. Investigators estimate that over $6 million was misappropriated. If convicted, Cue faces up to 30 years in prison.

Conclusion

The arrest of Jesus Cue marks a significant step in the investigation into the multimillion-dollar theft scheme at the Hammocks Homeowners Association. As the State Attorney’s Office continues to investigate and pursue justice, homeowners can expect increased transparency and accountability in their community.

Frequently Asked Questions (FAQs)

Q: Who is Jesus Cue?

A: Jesus Cue is a 63-year-old businessman and accountant who served as the controller and accountant of the Hammocks Homeowners Association from 2018 to 2022.

Q: What are the charges against Cue?

A: Cue faces multiple felony charges, including racketeering, unlawful compensation, and money laundering.

Q: How much money was allegedly stolen?

A: Investigators estimate that over $6 million was misappropriated from the HOA.

Q: What happens next?

A: Cue is expected to appear in court in the coming days. If convicted, he faces up to 30 years in prison. The State Attorney’s Office will continue to investigate and pursue justice, working to put every person involved in the theft behind bars.