Man arrested in Katy-area HOA case

September 29, 2011 1:55:26 PM PDT
Fort Bend County deputies have arrested the owner of a propery management company amid allegations of illegally transferring thousands of dollars from one Katy-area homeowners association to another.

Arrow Community Management owner Taggert Mayfield, 32, was arrested Wednesday night on a charge of misapplication of fiduciary property, according to the Fort Bend County Sheriff's Office.

Mayfield is accused of transferring $55,000 and $30,000 from one of Avalon at Seven Meadows' bank accounts to an account belonging to another homeowners association. Both transfers were made in June.

Earlier this month, he was placed on probation after he pleaded guilty to misapplying more than $20,000 belonging to Park at Mission Bend Homeowners Association back in 2009.

Detectives say three other cases involving Mayfield and other HOAs are pending at this time, and more complaints and charges are anticipated.

If convicted on the new charge, Mayfield faces a punishment of 2 to 10 years in prison and up to a $10,000 fine.

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