A Katy man faces 35 years in prison after he pled guilty to stealing more than $1 million from Katy-area homeowners associations.
A judge sentenced Taggert Michael Mayfield on June 8 after he pled guilty to misapplication of fiduciary property, money laundering and theft, according to a news release issued by Assistant District Attorney Rodolfo Ramirez.
Ramirez says Mayfield used his company, Arrow Management, to steal the money between 2007-2011 from a dozen different Katy-area associations. His company managed the pilfered home associations.
Mayfield then allegedly covered up the thefts by falsifying reports he made to his clients. The investigation into Mayfield's misdeeds began after one association questioned these alleged falsified reports and raised concerns with the Fort Bend County Sheriff's Office, the prosecutor reported.
He used the alleged stolen money to pay for his half-million-dollar home and vacations, according to the release.
"The defendant appeared successful -- living the dream," said Ramirez in the press release. "But he really pilfered from hard-working people while he appeared to do an honest day's labor."
By: Glenna Herald, Ultimate Fort Bend
Click here for related coverage of the story from the Katy Times.
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