Where did all the money go?
The worst fears of Success Village residents have come into focus. While court-appointed attorney Barry Knott has addressed the heat and hot water emergency at the co-op split between Bridgeport and Stratford, an audit he ordered has uncovered about $2 million in cash was withdrawn by Ty Bird, the former board president, according to court testimony.
OIB has reached out to Bird for comment.
CT Examiner reporter Dan Tepfer was in the courtroom.
A gasp went up from a crowd of Success Village residents in a Bridgeport courtroom Wednesday morning as Knott, presenting his report before Superior Court Judge Dale Radcliffe, announced that $2 million in cash from the co-op’s bank accounts, from the monthly fees paid by residents, had been withdrawn by the co-op’s former president Tyreke Bird.
“I knew it was bad but I didn’t know it was this bad,” the judge told Knott. “There has to be a paper trail, somewhere, somehow where someone goes into a bank and withdraws $100,000 in cash,” the judge said.
Knott said a forensic audit by the New Haven firm CBIZ determined that most of the withdrawals occurred at a Key Bank branch in Fairfield not associated with the co-op and the auditors have found no records of the withdrawals.
…Richard Buturla, an attorney hired by the city of Bridgeport and town of Stratford to represent their interests in the case, told the judge more information about these withdrawals has to come out.
“Seems to me that somebody has to be put in the [witness] chair and asked about these transactions,” Buturla said.
Full story here
And this is shocking??why???? 😂
Just another Bridgeport story.
The ballot stuffing deal has made national news a few times already.
Mario still the boss?!! 😂
Keep those cards and letters coming.
“Shithole” 😝 😝
More than $2 Million ‘gone’ without a trace? And the CT Mirror story headlines indicate that more than $9 Million may be unaccounted for? The heat and hot water issues are resolved, but not the governance problems that set up the ‘failure’ of elected leadership to govern by the rules, to handle financial issues like tax payments in such cavalier fashion, and to likely benefit themselves while serving as voluntary elected representatives.
Local action did not occur for over two years in Bridgeport because the Fair Housing Commission had been allowed to ‘die in plain sight’ for twenty years without Mayoral appointments necessary to create agendas, adress issues, and serve the public. Why? CIVICS is not honored by the Democratic Town Committee or the series of Mayors. They have been content to have State law govern Condos and Co-Ops, complicated and special areas of real estate law.
So, who picks up the ‘spillage in Aisle 13’ when current administrators are lax? Hope you are having a restful holiday weekend. Good governance starts with a widespread agreement on rights and obligations of citizens. Getting info on governance, finding representatives who view things in similar fashion, and getting them elected by more than 10% of our neighbors who are registered is our job. Perhaps some will quibble and leave the field. What did they see developing for ‘posterity’ anyway on this Declaration holiday? Time will tell.
“The heat and hot water issues are resolved, but not the governance problems that set up the ‘failure’ of elected leadership to govern by the rules, to handle financial issues like tax payments in such cavalier fashion, and to likely benefit themselves while serving as voluntary elected representatives.”
That’s Democracy for you John.
Instead of Democracy’s who picks up the ‘spillage in Aisle 13’ Perhaps, Dictator on Aisle 12? 🤣
https://www.youtube.com/watch?v=a8SrdSbw-XM
“…Knott said a forensic audit by the New Haven firm CBIZ determined that most of the withdrawals occurred at a Key Bank branch in Fairfield not associated with the co-op and the auditors have found no records of the withdrawals…”
Two million dollars in withdrawals from a bank “not related to the co-op!” Sounds like a pretty sophisticated plot that would go way beyond the very politically-connected Tye Bird. Where are the FBI and other law enforcement agencies that should be involved in this grand theft investigation? Birdie must be made to sing. Perhaps there are powerful others that are stymying the investigation at some level to protect other politically-connected individuals that may have benefitted (campaign contributions, etc.) from this unconscionable theft. (Incidentally; another well-known condo-association seems to be having trouble balancing their books and just jacked-up common charges by $150/mo. in one fell-swoop — on top of the $50 surcharge imposed last year… Something smells rotten in Nob Hill…)
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