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

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)

HOA private security raid by IN State Police

Indiana state police emblem

By Deborah Goonan, Independent American Communities What can go wrong when homeowners’ associations (HOAs) rely on private security guards to “police” their exclusive communities? How about an HOA private security raid by Indiana State Police? Earlier this month, Indiana’s Attorney General ordered an investigation of private security officers at Lakes of Four Seasons . LOFS is a gated community of 7,300 residents in Northwest Indiana. The private community, originally established in 1966, surrounds an 18-hole golf Continue ReadingHOA private security raid by IN State Police

Exposing corruption in the affordable housing industry

By Deborah Goonan, Independent American Communities Do governments and private individuals spend affordable housing taxpayer dollars wisely? Critics say the industry is plagued by fraud and corruption. What exactly is “affordable housing?” How many times have you heard the industry claim that it’s essential to build condominiums in order to provide more affordable housing? Multiple meanings It depends on who is promoting affordability. Real estate agents and developers often sell home buyers on the concept that Continue ReadingExposing corruption in the affordable housing industry

HOA, condo, & coop corruption, fraud, & theft roundup (Oct. 2018)

Arrest handcuff fraud theft

By Deborah Goonan, Independent American Communities HOA corruption and fraud takes many forms. This month’s roundup features several elaborate schemes, and plenty of dirty tricks. Authorities: Foreclosure lawyer Mark Stopa made nearly $5 million off clients’ homes Susan Taylor Martin, Tampa Bay Times Published: September 28, 2018 Updated: September 29, 2018 at 10:09 PM During the foreclosure crisis, thousands of Floridians turned to Mark Stopa for help in saving their homes. The 41-year-old St. Petersburg Continue ReadingHOA, condo, & coop corruption, fraud, & theft roundup (Oct. 2018)