For Immediate Release: Thursday, April 30, 2025
Contact: Office of Communications, Communications@MyFloridaCFO.com, 850.413.2842

TAMPA, Fla. – Today, the Florida Department of Financial Services (DFS), Criminal Investigations Division (CID), announced the arrest of Tampa Life Plan Village Board President Ronald Richard Schuck on charges of Continuing Care Contract Fraud. The arrest comes following an extensive investigation into allegations of fraud and mismanagement impacting Florida’s senior citizens. Tampa Life is a Continuing Care Retirement Community (CCRC) previously known as University Village. 

An investigation by the CID Office of Fiscal Integrity revealed that under Shucks' leadership, Tampa Life and Big Rock Management Company acquired Tampa Life Plan Village from bankruptcy, establishing a non-profit organization to acquire, renovate, and operate University Village, a senior living community. However, on April 3, 2024, state insurance regulators were notified that Tampa Life Plan Village intended to file for bankruptcy, cease operations, and displace its 109 residents. Schuck has been accused of misappropriating funds from the reserves and mismanaging essential residential services, including shelter and nursing care, resulting in the painful displacement and relocation of these vulnerable individuals. 

CID Director Simon Blank said, “Today’s arrest underscores CID’s mission to safeguard Floridians from fraud and financial abuse, especially when it involves our seniors. Special thank you to our dedicated fraud detectives, State Attorney Susan Lopez, and our partners statewide for their hard work on this case.”

Schuck was booked into Pinellas County Jail on April 29, 2025, on charges of Continuing Care Contract Fraud, a third-degree felony. If convicted, he faces up to five years in prison. The Hillsborough State Attorney’s Office, 13th Judicial Circuit, will prosecute this case.

This criminal fraud investigation remains open and ongoing. DFS urges any residents or families affected by the mismanagement at Tampa Life Plan Village to come forward and report their experiences by calling the state’s Insurance Consumer Helpline at 1-877-MY-FL-CFO (693-5236).