UPDATE: Real estate in Florida is doing well. However, casual observers wouldn’t know it from looking at the ghost town in Bella Collina, Florida.
According to Don Juravin, resident of Bella Collina, the community is a mess and Bella Collina Real Estate is only aimlessly pushing aggressive sales. Dwight Schar placed Paul Simonson in charge, who chose Randall Greene to do the dirty work against residents that dare to stand up for their rights. The results: Bella Collina is a failed community. If that is not enough, Dwight Schar placed his son, young Spencer Schar, who has no real experience, as a manager.
Don Juravin claims that he knows exactly how to turn Bella Collina into a nationwide success, but that can’t happen with so many lawsuits and bad press. He doesn’t understand how anyone can even consider calling Bella Collina with so much negative opinions and reviews among real estate agents and potential homeowners.
Schar’s Losing Possibly $1 to $3 million a Month
It’s estimated that Schar is losing about $1 to $3 million a month by not having 400 to 500 lots occupied with houses and paying dues and fees while increasing the lot values. Instead of settling the disputes and turning Bella Collina around, Schar seems to have invested about $1 million in legal fees and much more in other resources. Upcoming court proceedings, depositions of the Schars, and discoveries will probably not be helpful to the already failed Bella Collina community.
Paul Simonson Got Bella Collina and Dwight Schar Even Further In Trouble
In a class action lawsuit filed against Bella Collina, Dwight Schar, DCS Capital Investments, Randall Greene, Paul Simonson, and Richard Arrighi, a connection was made between Paul Simonson and another failed business.
“On information and belief, Simonson and Greene became skillful at defrauding creditors, use of legal entities to launder money, use of legal proceedings to harass victims, and various illegitimate accounting practices while employed by Catalfumo Construction Inc., during its massive fraud of business partners and creditors, and, at all relevant times, were the authorized agents and employees of Schar, using these practices in the management of his assets and companies including those at Bella Collina,” said the lawsuit.
Press releases from Catalfumo, which folded in 2012, confirm that Simonson and Greene did work for the company.
Catalfumo’s ‘Fraudulent Transactions’
According to his own testimony in court, Randall Greene was the Senior Vice President of Finance for Catalfumo Construction and Developments.
Dan Catalfumo, the founder of Catalfumo Construction, was accused in court of “fraudulent transactions” when he tried to stash $64 million away instead of paying his debts. According to his own testimony, Randall Greene, while he worked for Catalfumo, “I invested all of their money, I handled their partnerships, I approved acquisitions for property developments by the company, I reported directly to the CEO.”
So did Randall Greene know about Catalfumo’s “fraudulent transactions?”
Catalfumo ended up being sued by creditors for $100 million. When Randall Greene left, however, he was not affected by the trouble that afflicted his employer of over 22 years. Instead, he moved on to work for Bella Collina and Dwight Schar, appointing himself the head of the community’s POA. According to Randall Greene’s own testimony, the business that he had developed while working for Catalfumo, RG Developments, now allied with DCS Capital Investments.
Dwight Schar Hired Simonson and Greene
Dwight Schar, a billionaire known for his wealthy communities and lavish real estate, took over the troubled estates of Bella Collina, a golf course community. In league with Richard Arrighi and Paul Simonson, the former RNC finance chairman took over the community’s Club and POA.
Arrighi talked to potential homeowners personally, trying to convince them to buy the million-dollar homes and buy into the Club. What those who fell for his slick salesmanship didn’t know was that the former lawyer was found guilty of embezzling, and the biggest case of corruption known to the Massachusetts state government, back in 2001.
Richard C. Arrighi, a disbarred attorney, was arrested, tried, and sentenced to three years in jail for counts of fraud, embezzlement, and tax evasion. He brought his methods to Bella Collina and Dwight Schar. In 2012, Arrighi joined together with Dwight Schar employee Randall Greene and another employee and executed a document titled, “Action of the Board of directors of the Bella Collina Property Owners Association, taken by unanimous written consent in lieu of a special meeting.” Arrighi named himself Secretary.
Armed with Simonson, Arrighi, and Greene, Dwight Schar has created a formidable presence in Bella Collina.
Simonson’s Manipulation of Wikipedia
Dwight Schar, the founder of NVR Inc (NYSE: NVR), DCS Capital Investments, and Ryan Homes, has an entry on Wikipedia that boosts his philanthropy, investments, and makes him look like an upstanding citizen. But when a user tried to update his entry with accurate information from the source, they were told that it did not belong on his entry.
Paul Simonson, an attorney for Dwight Schar, deleted the accurate and negative information from the page almost immediately. While Simonson’s actions were frowned upon in the Wikipedia community, and his account was eventually banned, another rose to fight for Dwight Schar’s supposed integrity.
Homeowners across the United States have been struggling to fight Dwight Schar’s greedy business practices. NVR and its subsidiaries have fallen under the scrutiny of Congress. A USA Today investigation of Ryan Homes, a local homebuilder owned by NVR, found that both Ryan Homes and it’s parent company “cut corners during construction and left homeowners to deal with the defects. When concerns were raised, homeowners say the company would ignore its warranties, refuse to fix the problem, leverage any repairs into nondisclosure agreements or force customers into lengthy fights, costing them thousands of dollars.” Senator Sherrod Brown (D-OH) wrote a letter with three other senators asking the companies to “stop the practice of asking homeowners to sign non-disclosure and arbitration agreements before completing major warranty repairs.”
Could it be that Bella Collina is unable to attract potential customers because something is wrong?
Bella Collina has 70 homeowners. That would not be terrible if the neighborhood was only beginning. But Bella Collina has been around for 17 years. The community was started in 2002. For a neighborhood that offers a golf course, a club, and such luxury, why isn’t it popular? How come Bella Collina cannot gain more than 10% capacity?
Perhaps the hundreds of lawsuits inflicted on homeowners by the POA have something to do with it. Over 500 lawsuits have been filed involving Bella Collina. The lawsuits against the staff have accusations ranging from harassment to racketeering to fraud.
Using Dwight Schar’s massive attorney army, the staff at Bella Collina have fired back with a few lawsuits of their own. They have targeted and abused homeowners, charging with property violations even before notifying the homeowners of lawsuits. They have endangered families and children with their desperate attempts at retaliation.
HOAs and POAs are notorious in the news for being unfair and for scheming to sue homeowners. Don Juravin has battled with this particular POA for more than four years. The difference between Bella Collina’s POA and any normal neighborhood is that Bella Collina is in fact, a ghost town.
The POA has many slots for homeowner representation. However, in a neighborhood that has 900 lots but only 70 homeowners, the property managers are kings. Therefore, when Don Juravin penned his one negative review of Bella Collina, revenge was swift and sudden.
He was sued several times. The Bella Collina staff was so eager to harass Mr. Juravin and his family that they sued him before even notifying him that he had supposedly violated the POA terms. They banned him and his children from using the property club.
Four years later, they refuse to leave him and his family alone.
Disclaimer: This article is merely the opinion of the writer and not that of the publication or any other official authority. There are points to think about and you should be doing your homework based on any other facts you may choose including checking court records, other sites, and interviewing the subject/s of the article for comments.