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

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)