Old HOA's (Residents) Money

These are the facts. The old HOA- Fillmore El Dorado Homeowners Association, IS still a corporation and has been in suspension for years. Being in suspension, they have no right to move or spend money. They needed to comply with the law and file financial reports with the state, which they did not do, to get out of suspension. Charles Richardson says the money was "gifted" to the social club. It was illegal, under corportate law, for them to even be offered the $9,100+ of the El Dorado residents money. Therefore, this money does not belong to the Social Club. The Social Club is not incorporated and has no legal standing with the state. The Old HOA spent $1,500+ on a lawyer when they had no right to spend any money. Being suspended, anything they did with the money was on a personal basis only as they could not act on a corporate level. The residents of El Dorado deserve their money back! There are residents in the park who will sue and return the money to the rightful owners, the residents of El Dorado. The perpetrators of this act are within a hair of suffering the consequences. They have been given every chance to "right their wrong".