Friday, September 23, 2016
Prescott HOA Management Company President arrested for embezzlement
PRESCOTT – The president of the Liberty Management Group was arrested Wednesday, Sept. 21, and charged with embezzling more than $250,000 over 10 years from The Mountain Club, which, until Sept. 1 had been a long-time client of Liberty.
Joshua S. Lethbridge, 49, was taken into custody and charged with multiple felonies including fraudulent schemes and artifices, nine counts of falsely making a written instrument, and six counts of theft with intent to deprive of property.
According to a memorandum from The Mountain Club’s board of directors, obtained by The Daily Courier, “The Board met with the principal of Liberty Management Group on Sept. 2, 2016, and were told that over $250,000 had been embezzled from The Mountain Club ... over the course of a decade,” the memo said.
An email from Club President James Poore outlined the reasons the Club took its business from Liberty to another company; they all fell into the general category of customer service.
The Club learned of the bookkeeping discrepancies when representatives went in on Sept. 1 to take back “dozens of boxes of files and other records,” Poore said.
In an email, Poore said, “This is a sad month for us. Liberty Management had been a mainstay of Mountain Club administration for 15 years or so and had provided continuity to the Board over various make-ups of Directors … The Board to a person was absolutely astounded to learn of the theft.”
The Mountain Club is the oldest planned community in Arizona, Poore said. It now contracts with a different management company.