HOA, condo, co-op corruption, fraud, & theft roundup (Dec. 2017)

By Deborah Goonan, Independent American Communities This month’s roundup includes not only arrests and/or convictions of former association managers and board members, but also a conviction resulting from massive mortgage fraud.  Also, an interesting video explaining “red collar crime,” violent retaliation meant to silence whistleblowers.  State Attorney: Bryceville woman guilty of stealing $1.5 million from …

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HOA, condo, co-op fraud, theft, & corruption roundup (Nov. 2017)

  By Deborah Goonan, Independent American Communities   Charleston accounting manager charged with embezzling more than $750,000 (SC) By Dave Munday dmunday@postandcourier.com Oct 26, 2017 Updated Oct 27, 2017 An accounting manager accused of embezzling from her Charleston employer was in court asking for a public defender Thursday, after federal prosecutors accused her of depositing …

NY HOA accused of discriminatory marketing of new homes

Homeowners also say board won’t provide access to financial records   By Deborah Goonan, Independent American Communities   Are sales agents for Woodbury Junction marketing new homes exclusively to Hasidic Jews? In this News 12 Westchester report, some existing homeowners in the private community, located about 50 miles from New York, claim that is exactly …

Associa turns over audit for police investigation of one of its own managers

By Deborah Goonan, Independent American Communities   Because these incidents are so common in association-governed common interest communities, I usually group multiple reports of HOA fraud and theft into a single post each month. But the case of Sun City Shadow Hills is somewhat unique. As reported in the Desert Sun, management company giant, Associa, …

HOA, condo, co-op fraud, theft, and corruption roundup (Oct. 2017)

By Deborah Goonan, Independent American Communities This month, HOA thieves and fraudsters are falling faster than autumn leaves.  Former HOA treasurer indicted on theft, fraud charges (AZ) By Kim Smith ksmith@gvnews.com Oct 18, 2017 Updated Oct 19, 2017 (1) Green Valley News A former HOA treasurer was arraigned Tuesday after being indicted on 16 counts …

Georgia condo owners attempt to stop termination effort under RICO Act

By Deborah Goonan, Independent American Communties   Here we go again - yet another attempt at condo termination against the will of minority shareholders. This case involves owners of 10 units in the 46-unit Heritage Square Condominium Associations, located in Athens, Georgia. Businessman Fred Moorman currently owns 35 of 46 units. Moorman controls the condo …

HOA, Condo, Co-op Corruption, Fraud, and Theft Roundup (Sept. 2017)

By Deborah Goonan, Independent American Communities Updated Sept 26, 2017 (10:44 PM)   Florida title attorney gets 40 months in prison for bank fraud, embezzlement, money laundering Defrauded Bank of America, GulfSouth Private Bank, other banks September 5, 2017 Ben Lane A Florida title attorney will spend more than the next three years in prison …

Former Lynnhill residents awarded $100K from utility companies for abrupt shutoff

By Deborah Goonan, Independent American Communities Nearly a year has passed since State Senator C. Anthony Muse called for an investigation into alleged mismanagement of funds at Lynnhill Condominiums. Last fall, residents were abruptly forced to find alternate housing after Pepco and Washington Gas Light Company shut off utilities to the housing complex. No word …

HOA, Condo, co-op corruption, fraud, theft roundup (Aug 2017)

By Deborah Goonan, Independent American Communities   Prosecutor: Hasbrouck Heights Property Manager Stole $100G From Condo Group (NJ) Jerry DeMarco Hasbrouck Heights Patch HASBROUCK HEIGHTS, NJ — A borough man has been charged with embezzling more than $100,000 from a Bergen County condominium association. Raymond Gonzalez, 62, was charged with theft and two counts of …

IL condo owner board alleges fraud, failure to disclose construction defects

By Deborah Goonan, Independent American Communities I have said it before, and I will say it again. Modern association-governed communities are created by and for real estate developers and their affiliated investor stakeholders. Not only are the governing documents written to the clear legal and economic advantage of the Declarant, but state laws also enable …