Hammocks HOA Accountant Arrested for Fraud

Jesus Cue, a 63-year-old accountant, has been arrested for his alleged involvement in a multimillion-dollar theft scheme targeting the Hammocks Homeowners Association (HOA) in Miami-Dade County. Cue is facing multiple felony charges, including racketeering, money laundering, and organized fraud, stemming from his role as the HOA's controller and accountant between 2018 and 2022, during which he received $644,000 in payments. Investigators discovered that Cue and several former board members used fictitious companies to misappropriate HOA funds, disguising these transactions as vendor payments. The investigation revealed that these shell companies, registered under Cue's business, received nearly $500,000 from the HOA while the association struggled financially, needing a $375,000 loan to sustain operations. This arrest marks at least the eighth in a broader investigation into fraudulent activities by HOA officials and their associates, which has uncovered a total misappropriation exceeding $6 million. State Attorney Katherine Fernandez Rundle emphasized the importance of accountability in managing HOA funds amidst ongoing concerns about financial misconduct in similar associations across Florida.