Dwight Schar, the founder of NVR Inc (NYSE: NVR) and the wealthy builder that purchased Bella Collina through DCS Investments, seems less choosy when it comes to making money.
Was Schar aware of the murky circumstances that surrounded the man he elevated to (or claimed to be) head of the Property Owners Association? Families with children and mothers were moving into a community that housed a convicted felon and his partner.
It was a crime that sent shockwaves throughout Massachusetts. State employees, in league with lobbyists and businessmen, committed the biggest cash theft in the state: running away with $9.4 million. At the center of it all was Richard Arrighi, a wealthy attorney who had weaseled his way into the center of the State treasury.
Richard Arrighi was discovered, prosecuted, sent to prison for three years, disbarred on his release, and for all intents and purposes, never heard from again in Massachusetts.