Courtesy of The Palm Beach Post
Published October 31, 2015
A year after an FBI raid, Ken Bailynson – a CPA known for
explosive outbursts of rage – is continuing his efforts to take over Green
Terrace, a shabby condo complex where Bailynson once housed more than 125
recovering addicts in the more than 30 units he owned and called Good
Decisions Sober Living.
|Bailynson has not been charged with a
crime. A multi-agency task force headed by the FBI raided
Good Decisions on Sept. 11, 2014 – confiscating files,
computers and boxes of evidence from a unit Bailynson
converted into an office and the complex’s clubhouse near
Since early 2014 the task force has been investigating
allegations of insurance fraud, patient brokering and
kickbacks in the county’s $1 billion substance abuse
Why Bailynson wants to take over Green Terrace, an
84-unit complex in West Palm Beach that was built in the 1970s, isn’t known.
When asked about his plans on two occasions, Bailynson launched into
profanity-laden verbal attacks on a reporter.
Residents recalled Bailynson was quiet when he began acquiring units in
2011. However, after he created Good Decisions and began moving recovering
addicts into the community, he became loud and verbally aggressive. Some
residents, worried that Bailynson’s outbursts would turn physically violent,
began recording the outbursts on their cellphones.
Several of the remaining unit owners at Green Terrace are now suing
Bailynson and the condo association, claiming money was misappropriated and
that Bailynson stacked the board of directors with friends to whom he gave
condos. The board also took out a $1.5 million loan from a company created
by Bailynson. The loan carries a 24 percent interest rate and is secured by
units owned by the association.
In September, Bailynson filed to foreclose on 10 units after the association
failed to make it’s $30,000 monthly mortgage payment.