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Residents accuse board members of corporate fraud

October 04, 2024 | San Joaquin County, California


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Residents accuse board members of corporate fraud
In a recent government meeting, concerns were raised regarding alleged corporate misconduct within the San Joaquin River Club (SJRC). Diana Pace, a long-time resident and community member, brought attention to a troubling situation involving the board of directors. According to Pace, the board entered into a contract with Vertical Bridge, Assurance Development, and Barclay Bank without proper authority, claiming that the actions constituted corporate fraud.

Pace, who has lived in the community for over 18 years, expressed her frustration in a letter addressed to various local authorities, including the sheriff and media outlets. She highlighted that the contract was drafted by the external companies and presented to the board, which she argues lacks the legal standing to enter such agreements.

The implications of these allegations could be significant, as they raise questions about governance and accountability within the SJRC. Pace emphasized that many residents, particularly elderly members of the community, are not equipped to navigate these issues due to a lack of technological proficiency. The situation underscores the need for transparency and proper oversight in community governance, as residents seek clarity and resolution regarding the board's actions.

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