Category Archives: Corruption, Fraud & theft

HOA, condo & co-op corruption and fraud roundup (Jan 2019)

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Arrest handcuff fraud theft

By Deborah Goonan, Independent American Communities   Long list of HOA theft and embezzlement in this month’s roundup, as well as attorney misconduct. The industry can no longer claim “isolated incidents.” Former manager accused of taking more than $100,000 from Lincoln Village area HOA By Wes Bowers Record Staff Writer Posted Jan 25, 2019 at 5:18 PM Updated Jan 25, 2019 at 5:18 PM STOCKTON — The former manager of a Lincoln Village area homeowners association Continue ReadingHOA, condo & co-op corruption and fraud roundup (Jan 2019)→

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Guess who advises Delaware AG on HOA regulation?

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Woman question wonder HOA regulation

By Deborah Goonan, Independent American Communities Unbelievable but true: The community association industry trade group, whose members feed off of common interest communities, advises the Delaware State Attorney General on how to “regulate” HOAs. Pardon the cliche, but that’s like the fox watching the henhouse. Seeing is believing, so here are some screenshots to prove my point. Delaware AG’s “Fraud and Consumer Protection” web page is little more than an ad campaign for Community Associations Continue ReadingGuess who advises Delaware AG on HOA regulation?→

HOA, condo & co-op corruption and fraud roundup (Dec 2018)

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Arrest handcuff fraud theft

By Deborah Goonan, Independent American Communities This month’s roundup includes some high level corruption implicating real estate developers, some of them working for local housing authorities, as well as suspected money laundering in Boston. Developer charged Wilmington residents thousands for HOA that doesn’t really exist. So, where’s the money? (NC) Telesis is a for-profit developer that specializes in public-private housing projects; through its management company, Telesis allegedly charged residents of Wilmington’s Jervay Communities tens of Continue ReadingHOA, condo & co-op corruption and fraud roundup (Dec 2018)→

HOA, condo & co-op corruption and fraud roundup (Nov 2018)

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Arrest handcuff fraud theft

By Deborah Goonan, Independent American Communities The November 2018 roundup includes reports of HOA corruption from embezzlement to wire transfer fraud to money laundering. Orange Sheriff’s Office investigating reported $400K embezzlement from Lake of the Woods Association (VA) By Allison Brophy Champion Culpepper Star-Exponent Nov 27, 2018 The Orange County Sheriff’s Office is investigating the reported embezzlement of more than $400,000 from the Lake of the Woods Association by a former employee, according to a Continue ReadingHOA, condo & co-op corruption and fraud roundup (Nov 2018)→