Don
Bloomington,#2Consumer Comment
Tue, March 20, 2007
Sun Communities is an entity who is ONLY interested in pilfering money from their hapless residents. This $10 monthly pet fee is just one example . Anyone who doubts they lack integrity only has to Google their CEO, Mr Gary Shiffman, and will learn they got caught trying to pull a scam which resulted in an investigation by the Securities and Exchange Commission, excerpt from U.S. SECURITIES & EXCHANGE COMMISSION website below ------------------ According to the complaint, Gary A. Shiffman, the Chairman of Sun's Board of Directors, and its Chief Executive Officer and President, caused falsifications of Sun's records by providing false information regarding the timing of agreements entered into by Sun. The complaint also alleges that Mary A. Petrella, Sun's controller during the relevant period, falsified Sun's records by releasing funds from Sun's general reserve and recording expenses in improper periods. The complaint alleges that Jorissen violated Sections 17(a)(2) and (3) of the Securities Act of 1933 (Securities Act), Sections 13(b)(5) of the Securities Exchange Act of 1934 (Exchange Act) and Rules 13b2-1 and 13b2-2 thereunder, and aided and abetted violations of Sections 13(a), 13(b)(2)(A) and 13(b)(2)(B) of the Exchange Act and Rules 12b-20, 13a-1 and 13a-13 thereunder, and seeks a permanent injunction, disgorgement, prejudgment interest and a civil penalty against him. Further, the complaint alleges that Shiffman violated Rule 13b2-1 of the Exchange Act and seeks a permanent injunction and civil penalty against him. Finally, the complaint alleges that Petrella violated Section 13(b)(5) of the Exchange Act and Rule 13b2-1 thereunder, seeking a permanent injunction and civil penalty against her.