There are laws, government
agencies and regulations. The NYS
Attorney General’s Office and Queens DA’s Office can provide help.
It is up to us
(Shareholders) to request help. If we are too lazy or complacent or stupid to
act, the harm will continue and get worse.
There is a unit for
Co-op/Condo complaints.
Please complete the
attached complaint form to the Attorney General’s Office. Go to …
Suggested items of
complaint; (Use your own words and
ideas)
-They imposed
assessments without our permission, knowledge or vote.
-They imposed
assessments under questionable circumstances and refused/ignored all requests
for information.
-They refuse to
provide information re: who the money goes to; invoices; what the money is for;
etc.
-They refuse to identify
the people they hire and how much.
-They do not provide
mandated financial information and reports. (Ex. Audited Annual Report was due
MAR 30. Not done!)
-Vision Enterprises
(Management Co.) does not respond to our requests for information, records,
etc.
-The BOD
does not respond to our requests for information, records, etc.
-Refused to
investigate after former accountant admitted to never performing an
audit, despite filing “audited financial statements” with the Attorney General
-The BOD failed to account for tens of
thousands of dollars of money Vision Management commingled into the Coop’s
operating account and spent. (Never accounted for on financial statements.)
-The BOD spends thousands of dollars in legal fees and mailings for personal disputes with Shareholders.
Please mail and/or fax and/or e-mail complaint to NYS
Attorney General plus the politicians who want our votes.
http://www.ag.ny.gov/sites/default/files/pdfs/complaints/ref_complaint.pdf
Action: Do it! The more we demand action, the more likely they will act.
Remember: They work for us!
Remember: Tell fellow Shareholders to look at this Blog.
And tell everyone to vote in June. Don't give proxys away to anyone who you don't know or anyone on the current board. Vote for yourself!
ReplyDelete"Someone saw this blog, la la, na, na". Now Jill and her sidekicks respond to all our questions about the financials. Her ending "It is interesting that none of these concerns were ever voiced to previous Boards". Because the financials cam on time JILL! Okay they were probsbly tampered with and never audited, but they were mailed on time. Real reason is because the new accountants see so many uncalled for charges, that it's taking them so long to do a REAL audit and try to find where monies have gone missing! Why do you think Mesos RAN LIKE THE WIND. Time for Jill Scahchter and the rest of the Board to resign, shut their mouths and close their doors if they don't want to answer questions, whether it be their personal email, phone, cell, knock on their door, etc. YOU HAVE AN OBLIGATION TO BE AVAILABLE TO EVERY SHAREHOLDER AND ANSWER THEIR QUESTIONS. Why hasn't repeated requests for bills for lawyers concerning Ms. Vestrich gone unanswered? What are you hiding now Jill Schacter?
ReplyDeleteWe know that in the last 2 years Peter Mesos has run away from the Connecticut and the Blossom Gardens when people started asking questions about their money. Now he has done the same thing a t the Valerie Arms. Something is very wrong! We need to get the Attorney General involved so that we can find out and get answers. What happened to our money? Why did the board fire Jules Simons replacement -- was he asking to many questions that Peter Mesos and Jill Schachter did not want him to ask?
ReplyDeletePlease contact the Attorney General's Office using the Complaint form in this post. Vision Enterprises may have resigned (just like Peter Mesos cut and run from The Connecticut and The Blossom Gardens when people started asking questions about their money and the failure to maintain their property), but we still have to live with the effects of years (decades) of mismanagement.
ReplyDeleteLet the Attorney General know that you are worried about WHAT HAPPENED WITH OUR FINANCES (comingled security deposits, refusal to respond to requests for information) and the FAILURE TO TAKE CARE OF THE STRUCTURE OF OUR BUILDINGS ("repairing" leaks with paint instead of fixing the problem -- creating the risk of mold). If you have a problem with rusty, putrid water, let the Attorney General know that the Board of Directors has refused to investigate the cause of this problem as well and instead just flushes thousands of gallons of water into the sewer (this is as effective way to "fix" this problem as using paint to "fix" leaks).
If you need a copy of the Rand Engineering Report that proves the Board failed to disclose the extent of the problems we confront with leaks through the building facade, that our roof really is at the end of its expected life-span and that the Valerie is considered SWARMP -- Safe with a Repair and Maintenance Program -- (the Board lied to you when it wrote that Rand considers the building SAFE-- and there is a VERY BIG difference), please let me know. I have the report and will share it with anyone who asks.
As Ex-President of the Board of Directors I am still accessible to answer all questions and concerns of all the shareholders at the Valerie Arms. You can email me at valeriearmsboard@gmail.com. or at my business email (which many of you have). I will do everything I can to respond to you in 24 hours or less (I don't need 30 business days to figure out how to answer shareholder questions, it’s actually pretty easy when you tell the truth)
The Attorney General's office must have a huge file marked "Valerie Arms", as I and other shareholders have reported Mesos & Vision several times.
ReplyDeleteCan we ever recover all the money Vision "stole" from us over the years, without it costing a fortune? Nah.
The only thing to do is get Jill & her co-horts voted off the board and exiled. Maybe we can deliver Julio's memorial to her apt. and she can sit and polish it everynight while she reflects on what a nasty human being she is and how she completely destroyed The Valerie Arms...
Everyone MUST go the the ATTORNEY GENERAL'S office. Maybe we should hire a few buses and all shareholders can go do to the AG's Office and demand a full investigation against Peter Mesos and Vision. I will even pay for one bus.
DeleteJill and her dearly beloved Julio memorial. How much will this cost the shareholders???
ReplyDeleteJill give it up with the memorial. You already made our home the Valerie Arms Nursing Home. Are you striving for the Valerie Arms Cemetary???
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ReplyDeleteWhy should shareholder's pay for a memorial to the building's former superintendent. If Jill wants a memorial Julio she should put it in her apartment and pay for it herself!
ReplyDeleteThe Board of Directors has a fiduciary duty to each and every shareholder to protect and care for our investments in the Valerie Arms. This means that they are legally required to act in the interests of each and every shareholder and not show favoritism to anybody (even the sponsor). When a Board forgets this and uses its powers to pursue the personal vendettas of individual members (no matter what reason he Board Member might have for being angry about something) it is breaching its fiduciary duties to us as shareholders. The Board’s lawyers, accountants and (even) the Management Company is supposed to remind the board of this – if they participate in or help a Board pursue attacks on individual shareholders these professionals are failing every one of us. The Board and the professionals it hires have one job: care for our property and do everything they can to maximize its value. (This means really taking care of the building, not creating lunchrooms for staff or community rooms that can hold 5 or 6 people max and decorating them with somebody else’s garbage).
ReplyDeleteWe need to make sure that we have Board that we can trust had have confidence will focus only on taking care of the Valerie. We need to make sure that we have a Board that will not attack anyone who questions it by putting up signs blaming individual shareholders for whatever problems it might have, fine shareholders huge amounts because the Board has its feelings hurt and most of all will tell us the truth about what is happening in our homes. We need a Board that will tell us that Rand Engineering said that our roof is at the end of its lifespan (read the report that Marc Ullman has emailed many of us), we need a Board that will tell us the truth about what it is going to cost to repair the pool and why we need to spend $70 or $100,000 to fix something that only 50 or 60 of use when we know that we need to spend that money on Local Law 11 projects. We need a Board that will tell us where it is getting the money for the pool repairs, the Local Law 11 work, the cement work in front of the building and the renovation of the bathroom by the pool (so that a couple of “friends of Jill” don’t have to bother going to their apartment when nature calls). WHERE IS ALL THIS MONEY COMING FROM? (From the assessment for legal fees????) WHERE IS THE BOARD’S PRIORITIES?
In June we need to make sure we elect a new Board that we can trust will treat everybody equally and will never use its powers to pursue attacks on individual shareholders. Who we elect has an impact on our lives every day. Board members are required by law to treat everyone equally and fairly – the current Board at the Valerie has no interest in this. We need to make sure we replace the current Board and ELECT PEOPLE WHO UNDERSTAND THAT THEY SERVE THE SHAREHOLDERS. Being on a Board is not a right – it is a privilege.
Couldn't have said it any better myself. An honor and a privilege indeed! With that said, I do not see any signs of campaigning from shareholders who wish to run...get your names out there, we are running out of time!
DeleteMarc Ullman is running, thankfully. I also believe a few other very qualified candidates are as well. We need people who understand what a fiduciary duty is and the law. We need a Board that ACTUALLY knows how to run a corporation. Working for one is obviously not enough.
ReplyDeleteBe patient. Help is on the way.
ReplyDeleteIt is WONDERFUL to hear that Marc Ullman is running again. To all those other qualified shareholders, please step up and run for the Board.
ReplyDeleteJust BE AWARE Jill has her new friend Harry Zarkas asking everyone if they are running for the board. I guess when the Cat is away, mice will play. JILL WE ARE ALL ON TO YOU - GET OFF OUR BOARD.
What is the board doing with our money? Where are the legal bills that shareholders have requested to see? And the board promised to let us see? What is the pool renovation costing us?
ReplyDeleteThe board claimed that there was no more money for water in the gym. Are they using this money towards the pool renovation? How much money is Jill Schachter planning on spending on removating the womens room by the pool? This money is being spent only for the benefit of her and her friends. What gives Jill the right to spend our money on pet projects that benefit her little group and not all the shareholders. How much is that little project going to cost? Where is the transparency? IT'S TIME FOR JILL TO GO ask the attorney general for help fill out the forms on the attorney general webpage don't wait. WE ALL KNOW HOW CHEAP JILL SCHACHTER IS WHEN IT COMES TO SPENDING HER OWN MONEY. IT IS AMAZING HOW MUCH SHE LIKES TO SPEND OUR MONEY!
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ReplyDeleteI would like to know why we don't have a surplus in our operating account.....we had a very mild winter, so our heating bills must have been extremely low as compared to past years, as well as little/no snow removal costs....where's the money? Someone I know who is running for the board would have informed shareholders of this money (not in exact amounts) and considered 1) pay down the mortgage 2) capital improvements 3) Local law 11 compliance 4) roof 5) landscaping 6) actually hire an engineer to find what's wrong with our water 7) maybe even hire a REAL NAMED forensic accountant to help us go after stolen money 8) get those contractors back into the building to finish the crappy job on the hallways 9) pay off the mechanics lien 10) upgrade the lobby ..... or maybe just put it aside for a rainy day and make our books better. WHERE'S THE PRIORITIES? To the current BOD, use your heads, we as shareholders are not stupid and deserve information!
ReplyDeleteAgain could not have said it any better!!!
ReplyDelete