City Condos May Receive Refund After Outside Managers Plea Bargain

Website of Shawmut Management.

The Essex County District Attorney’s office is still trying to determine if a Haverhill condominium development will share in $20,000 in restitution from a Haverhill-based property management firm.

Shawmut Property Management pleaded guilty and its two representatives pleaded no contest. Andrew Raynor, 38, of Dover, N.H. and Matthew Dykeman, 52, of Salem, will serve probation for two years—during which time they will not be allowed to serve as managers of condominium associations in Massachusetts.

A prosecutor agreed to accept $60,000 in restitution in exchange for plea changes. Up to $40,000 is to be divided as follows: $10,000, Oliver’s Pond Condominium, Marblehead; $10,000, Pine Hill Condominium Association, Lawrence; $10,000, River Glen Condominiums, Bedford, N.H.; $10,000, Springfield Estates, Rochester, N.H.; and $20,000 shared between 20 other home associations, said Carrie Kimball-Monahan, spokesperson for District Attorney Jonathan Blodgett.

Hunters Run Condominium Association, near Westgate Plaza, Haverhill, is listed in Haverhill police reports as a possible victim. Individual condominium owners may also have been billed directly by the firm, Haverhill detectives said in a report.

Raynor and Dykeman were indicted last year on charges of larceny by a single scheme (over $250) and conspiracy and false entry in corporate books. Additionally, the company was charged with larceny by a single scheme (over $250).

Following reports from multiple former Shawmut employees alleging fraudulent activity at the company, the Haverhill Police Department and the Essex District Attorney’s Office launched an investigation during June, 2014. The investigation found owners of Shawmut allegedly systematically falsified invoices sent to dozens of the company’s clients without the knowledge of the condominium association boards or the laborers whose work was falsely inflated. Shawmut Property Management provides services to condominium associations in Massachusetts, New Hampshire and Maine.