Tag Archives: money laundering

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)→

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

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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)→