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March 16, 2011

Norway biz owner's properties sold

By The Mainebiz News Staff

An auction yesterday sold off nine properties owned by the Norway business owner who recently pleaded guilty to stealing $4 million from MaineCare.

The nine properties, which included the Odd Fellows Building on Main Street and several apartment buildings, were sold for a total of $735,000, according to the Sun Journal. Dawn Cummings Solomon, who owned the properties along with her husband through real estate holding company New Horizon Capital Investment, in December pleaded guilty to overbilling the state for MaineCare expenses since 2006. Solomon owned a number of social services and health care-related businesses in the area, including Living Independence Network Corp. and Opal Consulting LLC. About two dozen bidders attended the auction. Mortgage holder TD Bank bid $89,000 for the historic Odd Fellows building. Solomon's primary residence on Long Lake was not part of Tuesday's auction, but will likely go on the block later this spring. It is assessed at just under $1 million.

Solomon, whose businesses were raided by federal and state officials in July, faces up to 10 years in prison for theft by deception.

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