By Michael E. Miller Thursday, Feb 21 2013

Icon South Beach Residents Angry After Board Prez Cashed $113,000 in Checks “and they are paying out tips in cash to avoid taxes?”

Florida history is full of condominium-related corruption, including board members receiving kickbacks for contracts or raiding condo coffers and then disappearing into the Everglades. That’s why state statute bars condo board members and officers from receiving compensation unless explicitly outlined in the building’s bylaws.

So it’s not surprising that residents of the Icon at South Beach — a luxurious glass tower located at 450 Alton Rd. — freaked out after discovering earlier this month that condo board president John Stimmel had cashed more than $113,000 in checks from Icon’s accounts. They met February 4 to demand answers. Read more: www.miaminewtimes.com