City Condos May Receive Refund After Outside Managers Plea Bargain

The Essex County District Attorney’s office is still trying to determine if a Haverhill condominium development will share in $20,000 in restitution from a Haverhill-based property management firm.  Shawmut Property Management pleaded guilty and its two representatives pleaded no contest. Andrew Raynor, 38, of Dover, N.H. and Matthew Dykeman, 52, of Salem, will serve probation for two years—during which time they will not be allowed to serve as managers of condominium associations in Massachusetts.  A prosecutor agreed to accept $60,000 in restitution in exchange for plea changes. Up to $40,000 is to be divided as follows: $10,000, Oliver’s Pond Condominium, Marblehead; $10,000, Pine Hill Condominium Association, Lawrence; $10,000, River Glen Condominiums, Bedford, N.H.; $10,000, Springfield Estates, Rochester, N.H.; and $20,000 shared between 20 other home associations, said Carrie Kimball-Monahan, spokesperson for District Attorney Jonathan Blodgett.     Read the article…………

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