Nine homeowner's associations sued Pamela Lane in Rankin County Circuit Court Monday to recover funds allegedly embezzled from their accounts.
Ridgway Lane managed homeowners associations. David L. Lane and David W. Lane were the President and Vice-President of the now-defunct company. Eleven homeowners associations sued Ridgway and the Lanes in Rankin County Circuit Court, alleging the defendants embezzled over two million dollars from accounts they managed for the HOA's. A list of the lawsuits and alleged embezzled amounts is posted below. The HOA's accused Lanes of embezzling over $2.3 million from HOA accounts. The lawsuits charge the Lanes with breach of contract, conversion, unjust enrichment, negligence, civil theft, and breach of fiduciary duty. Circuit Judge Dewey Arthur consolidated all of the lawsuits.
Pamela Lane was the wife of David L. Lane. The couple divorced in February. However, the couple filed a petition for an uncontested divorce on November 14, 2019 - 8 days after the first HOA filed a lawsuit against David and his son. Bridgewater HOA is attempting to intervene and reopen the divorce.
The complaint states Pamela was the Vice-President of Levine Lane & Associates. David L. Lane, Pamela, Mark Levine, and Deirdre Levine were members of the LLC. The Secretary of State dissolved the company in 2011 after it failed to file required documents.
Ridgway Lane and/or David L. Lane issued "scores if not hundreds of" checks payable to Levine Lane that were drawn on various HOA accounts at Community Bank. The payments were unauthorized. Levine Lane transferred $38,575 to Pamela through cashier's checks. Ridgway Lane also transferred money directly to Pamela.
David L. Lane also allegedly and illegally transferred HOA funds to the Lane Company. David L. Lane, David W. Lane, and Wendi Steadham were officers of the company. The Secretary of State dissolved the company in 2008. The Lane Company received the money and transferred it to Pamela. One such payment was $15,000 on June 7, 2019. The payment just happened to take place less than two weeks after Pamela made a $15,000 down payment to Gray Daniels Toyota for the purchase of a new car.
David L. Lane made more payments to himself through the Lane Company using embezzled HOA funds. The couple purchased a condo in Chicago. They sold it and purchased another one.
The plaintiffs accuse Pamela of withdrawing funds shortly before the HOA's sued her husband. Pamela transferred $37,597 to "an unknown recipient" the day after Lane accounts were frozen.
The HOA's want to recover all of the funds transferred to Pamela Lane. They charge her with one count each of violating the Mississippi Uniform Fraudulent Transfer Act and Unjust Enrichment & Accounting.
* Bridgewater, Bridgewater II, Lakebend, Dinsmor, Palisades, Oakhurst, Barrington, Eastbrooke, and Timbers HOA's
Note: The Lanes are accused of embezzling from the following HOA's:
Bridgewater 2: $343,938
Bridgewater: Over 500,000
Dinsmor: $217,782
Barrington: Hundreds of thousands of dollars (An estimate of $200,000 will be used in the total as a minimum).
Bruenburg: $188,330
Oakhurst: $168,000
Diplomat: $28,000
Palisades: $87,000
Eastbrooke: Over $500,000
Timbers: Over $90,000
Wrenfield: $9,000
Earlier Ridgway Lane posts
Court OK's sale of Lane home.
David W. Lane's default judgment withdrawn.
Ridgway Lane cases consolidated.
Bridgewaters sue Lakebend.
Baby Lane Blames Papa Lane.
Bruenburg Discovers More Missing Funds
Injunctions issued against Ridgway Lane & the Lanes.
Contempt for Lanes?
Ridgway Lane Update: Timber!
Lane responds.
Eastbrooke: Lanes stole over $500,000.
Oakhurst sues Ridgway Lane
Payroll company sues Ridgway lane
Ridgeway Lane Update, TRO's Extended (Lynch Mob Edition)
Bruenburg Sues Ridgway Lane
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.
Wednesday, July 8, 2020
HOA's Sue Lane's Wife in Ridgway Lane Scandal
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18 comments:
lol nice try
Lots of info. Good research. But, who is Levine?
When is Community Bank drug into this? Cashiers checks through HOA's and a property management company? In those amounts between common or similar ownership? Shirley they have to be culpable?
Have the Lane's even been arrested?
@10:23 I am serious, and don't call me shirley
I thought the newly elected HOA at Palisades was going to fix all this?
blood out of a turnip-
David Lane is a “Shit Head”....He was taught by Buster
Bailey....When is Bailey going down for the First Investment
Pyramid Scheme ????????
Pamela and David L. filed for divorce a week after the first lawsuit was filed. I guess the divorce destroys spousal privilege, so I wonder which one is providing the State's evidence. Or maybe they were just so delusional that they were still trying to figure out a way to keep the money.
Can you blame her? The HOA Dues on her Chicago COndo were probably due.
12:41....you know nothing about the First Investment situation. No one has lost a nickel and no one will!!!
Has anyone seen a criminal complaint? If there was, wouldn't we expect to see a Stay in the civil proceedings?
2:44, Even if no one loses money, that doesn't make it right (ask Martin Shkreli, who's serving 7 years and forfeited more than $7 million). I'm just making a point here - I truly know nothing about First Investment, as I'm pretty sure I have never even heard of it.
Speaking of Community Bank. Whatever happened to the Community Bank/Pinnacle/Madison Timber...I guess we’ll just let that lie. Oh and how is Community Bank’s flagship investment in Waterton going? What a great time for building out more commercial space and oh the demand for Townhouses in Rankin County.
JUST A SHAM DIVORCE. ANOTER PART OF THE FLIM FLAM.
2:44 - then why are the payments in default. Promises made but not kept.
12:41
First Investment comment triggered somebody.
Also questioning when the HC Bailey pyramid scheme will surface from First Investment!! What’s it goin to take for the truth to come out?
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