Miami Accountant Charged in Broad Hammocks HOA Fraud Scandal Involving Over $6 Million

The web of deceit in the Hammocks Homeowners Association has become more intricate with another arrest in an embezzlement scandal that has residents reeling. Miami-Dade prosecutors have charged Jesus Cue, a 63-year-old accountant and the latest figure ensnared in the widespread fraud case engulfing one of Florida’s largest homeowners associations. Cue and his company, Worldwide Business Solution Corporation, were entrenched as a “business and accounting consultant” for the Hammocks HOA board, a relationship that spanned from 2018 to 2022,

Local 10

reported.

Investigators claim Cue collected over $644,000 in vendor payments during his engagement with the HOA, while also testifying in bankruptcy court that the organization had depleted reserve funds, necessitating a $375,000 short-term loan. As this alleged financial mismanagement unfolded, ex-employees pointed fingers at several board members, indicating that relatives were behind fake companies designed to divert HOA monies. Three such speculative entities apparently had Cue’s Worldwide Business Solution Corporation as a registered agent, also reported by

Local 10

.

The scheme seems to have reached even deeper, with prior arrests revealing a potential $6 million drained from the Hammocks Homeowners Association by various fraudulent means. Cue is now the seventh individual apprehended in connection with this scandal. Authorities have tied several fictitious companies to the case, stating that these sham operations received close to $500,000 in payments, according to

WSVN

. Cue faces multiple felony charges, including racketeering, and money laundering which could land him in prison for decades.

Another layer of the scandal involves Ivan Dario Diez, 58, who has been arrested under allegations of setting up a fake company that billed the HOA nearly $172,000 for nonexistent services. The State Attorney’s statement obtained by Hoodline highlighted the misuse of funds allocated for hurricane cleanup, and holiday decorations, as part of the embezzlement. With the investigation ongoing, millions have been recuperated, and authorities are resolute in their pursuit of justice. As quoted by

Hoodline

, State Attorney Katherine Fernandez Rundle committed to the process, declaring, “We are going to continue this investigation,” hinting at further developments yet to come.

As residents grapple with the unfolding scandal, the core of their concern remains safeguarding their community from future misappropriation of funds. “No homeowner should have to worry about how their HOA is handling the association’s funds,” State Attorney Katherine Fernandez Rundle said in her office’s news release, a sentiment shared across the affected community and echoed by media coverage, as per

WSVN

.

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