The lawsuits continue to pile up against Ridgway Lane and the Lanes. An October 29 check for the Ridgway Lane payroll apparently bounced. People Lease, Inc, sued the company, David W. Lane, and David L. Lane in Madison County Court Friday for $18,763.
The complaint alleges Ridgway Lane issued a check for $16,239 for payroll expenses. The check bounced. The lawsuit states
Defendants have misappropriated funds from multiple customers and provided false and misleading financial reports to its customers and others. As part of their fraudulent scheme, defendants knowing tendered to Plaintiff a false and fraudulent check resulting in damage to Plaintiff.
People Lease also asked for attorneys' fees that were 1/3 of the total debt. The total damages requested (including attorneys' fees) is $25,012. The case is assigned to Judge Ed Hannan. Attorney Gene Berry represents People Lease.
Ridgway Lane manages homeowners associations. Secretary of State records state that Richard Ridgway and David L. Lane are the owners of the company. The company website stated David L. Lane and David W. Lane are the respective President and Vice President of the company.
Numerous homeowners associations sued Ridgway and the Lanes (new moniker? Sounds like a group) recently, alleging they embezzled millions of dollars from accounts managed for the HOA's. The list of alleged victims include homeowners associations from such prestigious neighborhoods as Bridgewater, the Barrington, and The Palisades.
List of affected HOA's that sued Ridgeway Lane.
Bridgewater
Bridgewater at Old Agency
The Barrington
Lakebend
Dinsmor
Bruenburg
Palisades
The Diplomat
Discovered but not yet taken action.
Stonebridge
JJ knows of at least three more Ridgway Lane-managed HOA's that have probably suffered
Earlier Ridgway Lane posts
Ridgeway Lane Update, TRO's Extended
St. Ives Escapes
Add Stonebridge to Ridgway Lane List
King Kenny Rulz, Bridgewaters get freeze.
Lawsuit: Lane Confessed
Dinsmor losses over $200,000
On deck: Bruenberg
Up next: The Barrington.
Bridgewater goes for freeze, Bridgewater at Old Agency says RL embezzled over $340,000
Palisades plundered.
Dinsmor HOA discoveres "irregularitites."
Bridgewater accuses HOA manager of embezzlement.
20 comments:
wonder whether this is being handled on a contingency fee basis?
@10:00, the above report says the attorney's fees are a third of the damages sought, so yes?
@10:00 AM - reading comprehension fail.
Oh, it's a felony to knowingly tender a NSF check.
Something else odd. I know that when work was bid out, you always submitted your bid and all documents to Ridgeway Lane, not the individual HOA. I wonder if RWL was fleecing the HOA's with inflated bids and jobs and raking some off the top? Seems the possibility was there. Any HOA boards see the actual bids to the work done by the contractor and not RWL?
If that's a weekly payroll, $16,000 converts to quite a few temp employees.
10:00 not necessarily so. Just asking for that amount. Based on all the lawsuits, I can't imagine an attorney taking this case on strictly contingent basis
PeopleLease is a good company. They will do the payroll on your pay schedule. It could be weekly, it could be monthly, it could be twice a month (15th and 31st, it could every 2 weeks (26 checks a year). They used to do my company's payroll.
@10:51, really? These are employees who haven't been paid. I doubt they have the cash on hand to pay fees up front. This is the kind of case where you'd expect the attorney to work for a stand alone contingency.
To quote Clark W. Griswald.........The Lanes are in deep, deep, deep!
Good luck collecting that.
Let's imagine how many people are on the payroll of these crooks and why.
@12:02 all employees have been paid. No payroll checks bounced. That's why Peoplelease is suing. The employees received their checks from PeopleLease. PeopleLease paid the payroll taxes correctly. But the one big check that Ridgway Lane wrote to PeopleLEase bounced. So PeopleLease is out the money, not the employees.
Why haven t these two been arrested yet? I'm guessing the D A in Madison and Rankin is a good friend. Absolutely ridiculous!
I think I saw the Lanes working the intersection at Lakeland St D yesterday. One had a sign saying he wanted to buy a turkey. Another sign said "Need Help - Trying To Get To Memphis".
I wonder if the plantiffs know about David Lane's condo in Oxford, in The Quarter Condominium complex?
Get it quick before he quit claims this one too.
@1:49 - or a country without extradition. Confiscate their passports and lock them up.
10:20. Have you ever heard of the "Grand Jury" process we enjoy in these United States? Damn.....
7:40pm obviously has no clue what he is speaking of. I know for a fact that PeopleLease issued all of the employee checks, only for them to be reversed out of each employees account the next week. This definitely had to effect the employees tremendously. Not only were they suddenly out of a job, but their last checks reversed out of their accounts DAYS later. I’m sure that sent numerous people into overdraft being they thought the money was there. The Lane’s are exponentially in the wrong, however, PeopleLease should be held accountable for not verifying funds before issuing checks.
People Lease is a PEO (professional employer organization) technically they are the employer in this case and lease the employees back to company in which they technically work. They should be held accountable for the employees wages.
Please do not make comments if you do not know what you are talking about. None of the employees were employed by the HOA’s. All of the employees were employed by Ridgeway Lane and were placed at the HOA’s property to perform their duties such as concierge, landscaping, maintenance, etc. PeopleLease handled the payroll and benefits (insurance and 401K) for the employees. The original amount owed by Ridgeway Lane to PeopleLease was over $30,000. On 11/14/19, PeopleLease placed a stop payment on the payroll checks and the direct deposits were backed out of the employees accounts because Ridgway Lane took the money out of the HOA’s accounts, but did not deposit the money into the Ridgeway Lane payroll account, so the check written by Ridgeway Lane to PeopleLease for the payroll/benefits bounced. Even though the HOA’s were not legally bound to cover the payroll because the employees of the HOA’s were legally employees of Ridgeway Lane, most of the HOA’s covered the payroll for the employees that were assigned to their HOA property and some of the HOA’s hired the employees to become employees of the HOA’s. The employees did not loose any money but the HOA’s had to pay the payroll twice because Ridgway Lane had already taken the money out of the HOA’s accounts and then the HOA’s had to pay the payroll again to People Lease to make sure the employees were paid. The remaining balance of approximately 16,000 was for the payroll period prior to all of the Ridgeway Lane scandal becoming public.
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