The president and treasurer of a Homeowners Association in South Fulton, Georgia have been charged with stealing insurance payouts meant for residents.
The City of South Fulton announced arrest warrants for Camelot Condominiums HOA President Bettye Ligon and Treasurer Lyndon Baldwin Sr.
Police say Ligon and Baldwin misused funds from a $1.5 million insurance payout that was meant for victims of a devastating fire at the condominium complex on Old National Highway in January 2020.
The HOA filed an insurance claim for one of the buildings. Farmer’s Insurance cut a check for $250,000 to the HOA.
Two months later, another fire swept through the building leaving it a total loss. The insurance company issued another check for $1.5 million.
“We do know that some of the funds were put toward Camelot business however a majority of the funds are unaccounted for,” said South Fulton Police Chief Keith Meadows during a news conference on Friday.
Meadows said the pair wrote checks to themselves and other board members and suspicious bank withdrawals are unaccounted for.
Residents complained to police when they weren’t compensated for their loss. At least three residents filed criminal complaints against Camelot Condominiums Homeowners Association.
Ligon and Baldwin are charged with theft by conversion and theft by taking. They are still at large and police are looking for them, according to Fox 5 News.
Police said other arrests are expected in connection with the alleged crimes.