eagletribune.com: Property management company to pay restitution
NH condos among those bilked by Shawmut Properties execs
By Peter Francis
November 3, 2016
SALEM, Mass. — Four condominium associations in New Hampshire and Massachusetts will be receiving restitution from Andrew Raynor, Matthew Dykeman, and their Haverhill-based management company, Shawmut Properties, LLC.
In Salem Superior Court Wednesday, Raynor and Dykeman pleaded no contest to charges of stealing over $100,000 from several condo associations over a two-year period. With their pleas, each received two years probation.
The pair — and the corporation itself — will also pay $20,000 each to be distributed between the condo developments, which were billed for repairs and services never performed from January 2012 through February 2014.
The bilked clients included Pine Hill and Oliver’s Pond in Lawrence and Marblehead, as well as River’s Glen and Springfield Estates in Bedford, N.H., and Rochester, N.H. Read more: