Ronald Schuck, the president of Tampa Life Plan Village, has been arrested and accused of misappropriating funds following a bankruptcy that displaced over 100 seniors from the University Village community in Tampa.
According to the Florida Department of Financial Services Criminal Investigations Division (CID), Schuck allegedly misused funds from the organization’s reserves and mishandled essential services, including shelter and nursing care for residents.
Tampa Life Plan Village, which is operated by Tampa Life and Big Rock Management Company, initially acquired University Village from bankruptcy with plans to renovate and continue its operations. However, in April 2024, the organization filed for bankruptcy, leading to the forced relocation of 109 residents.
Schuck now faces felony charges for continuing care contract fraud. He was arrested on Tuesday in Pinellas County. The CID’s Director, Simon Blank, emphasized that the arrest highlights the department’s commitment to protecting Floridians, particularly seniors, from financial abuse and fraud.
If convicted, Schuck faces up to five years in prison. The investigation continues as authorities work to ensure justice for the displaced residents and hold accountable those responsible for the mismanagement of funds.
