Salem Property Manager Arraigned on Larceny and Conspiracy Charges

Two executives in a Haverhill-based property management company were arraigned on Wednesday in Salem Superior Court on larceny and conspiracy charges following a joint investigation by the Essex District Attorney’s Office and the Haverhill Police Department.

Andrew Raynor, 37, of Dover, N.H. and Matthew Dykeman, 51, of Salem, Mass. were arraigned today on the indictments of larceny by a single scheme (over $250), conspiracy, and false entry in corporate books charges.

Additionally, Shawmut Property Management LLC, a company co-owned by Raynor and Dykeman, was charged with larceny by a single scheme (over $250).

Pleas of not guilty were entered on their behalf and they were released on personal recognizance.

Following reports from multiple former Shawmut employees alleging fraudulent activity at the company, the Haverhill Police Department and the Essex District Attorney’s Office launched an investigation in June of 2014. The investigation found that the owners of Shawmut allegedly systematically falsified invoices sent to dozens of the company’s clients without the knowledge of the condominium association boards or the laborers whose work was falsely inflated. Shawmut Property Management provides services to condominium associations in Massachusetts, New Hampshire and Maine.

Essex Assistant District Attorney Quentin Weld told the court that the defendants allegedly sent false invoices for work not performed to dozens of their client condominium boards, resulting in a total larceny of at least $100,000 dollars between January of 2012 and February 2014. The funds were allegedly paid directly into an account controlled exclusively by Raynor and Dykeman.

Raynor and Dykeman are scheduled to appear in Salem Superior Court on September 10, 2015 for Pre-Trial Conference. They are represented by Attorneys John Andrews and Arthur Kelly respectively and are presumed innocent until proven guilty.