Is anyone keeping track of HOA Embezzlements?

By Deborah Goonan Just about every week I read about another case of embezzlement or fraud in a homeowners or condo association. In the last couple of weeks, for example: a condo Treasurer from Wisconsin has been charged with diverting $25,000 from the HOA account a Pennsylvania woman, the daughther of a developer, faces charges of …

Advertisements

Tougher federal and state laws needed to protect condominium owners

Register homeowner associations with federal and state authorities, including consumer protection agencies? Put condo board members in jail for violating state ordinances? Randomly select unit owners to serve on their condo board? Don DeBat makes the case. By Don DeBat 9-Jul-15 – The condominium lifestyle has been glorified as carefree, chic, and glamorous. However, condo …

EDITORIAL: Case closed, prosecutors still won’t release HOA fraud files

Originally posted, July 1, 2015 LAS VEGAS REVIEW-JOURNAL The Justice Department went to outrageous lengths to keep its Southern Nevada homeowner association fraud case cloaked in secrecy for seven years. Federal prosecutors are prepared to go even further to keep the public from ever knowing the depth of the conspiracy and the scope of the investigation. …

Bob Norman investigates FL “Condo from Hell”

posted By Deborah Goonan Buyer beware. Even so-called luxury condominiums can face millions of dollars in needed repairs, or become victims of horrendous financial mismanagement, or both. These unhappy condo owners are wondering where all their money is going. Dozens of unfinished projects and deferred maintenance. Amenities that are unusable. You have to watch the video! …

Increased prison terms for HOA fraud scheme in NV?

by Deborah Goonan Anyone who follows news in the HOA industry knows about the FBI investigation and Justice Department prosecutions of nearly 40 individuals in an elaborate scheme to defraud homeowners' associations of millions of dollars earmarked to correct construction defects. (If you are not aware, the article linked below provides a good summary) Leon …