Sheriff's Major Crimes Investigators Arrest Suspects for Embezzling $900,000 from a Simi Valley HOA
9/9/2013 1:40:00 PM
Nature of Incident:
HOA Management Company Owner & Chief Financial Officer Arrested for Embezzlement
San Diego County & Ventura County
Date & Time:
09-09-13 @ 08:00 AM
Ventura County Sheriff's Office Special Services / Major Crimes
(S)uspects, (V)ictims, (P)arty, (D)ecedent
City of Residence
Kristin Regina Davis
Solana Beach, San Diego Co.
Kristin Davis, the owner and CEO of Paradigm Management Group, and her Chief Financial Officer, Melissa Hoff, were arrested over the weekend for embezzling approximately $900,000 from the Big Sky Homeowner's Association in Simi Valley.
In February 2008, Davis' management company was contracted by the Big Sky Homeowner's Association to manage the community. While managing the community, Davis and Hoff systematically embezzled approximately $900,000 from Big Sky HOA bank accounts utilizing several schemes. Soon after the thefts were discovered by the Big Sky Board of Directors in October of 2009, Davis closed down Paradigm and opened a similar company named MK Management. Detectives from the Sheriff's Office Major Crimes Unit conducted an extensive investigation into the allegations which resulted in arrest warrants.
The Ventura County District Attorney's Office filed 12 felony counts against Davis, ranging from grand theft to insurance fraud. Hoff was charged with grand theft and criminal conspiracy. Davis and Hoff were arrested over the weekend and booked into the Ventura County Pre-Trial Detention Facility. Their bail was set at $500,000 dollars each.
While Paradigm was in operation, it managed numerous communities, both in Ventura County and Orange County. Other homeowner associations have reported large losses as a result of embezzlement while managed by Davis' company, Paradigm Management. Detectives are investigating these additional allegations which may result in additional charges being sought against both suspects.
Anyone having knowledge of theft activity by Kristin Davis, Melissa Hoff-Soloman-Ramsey, or by the HOA management companies of Paradigm, MK Management, or Seaside Management are encouraged to contact Detective Russell King of the Ventura County Sheriff's Office ' Major Crimes Fraud Unit.
Senior Deputy Russell King
Media Release Date:
Detective Russell King (805) 384-4731 email@example.com
Ventura County Crime Stoppers will pay up to $1,000 reward for information, which leads to the arrest and criminal complaint against the person(s) responsible for this crime. The caller may remain anonymous. The call is not recorded. Call Crime Stoppers at 800-222-TIPS (8477).