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

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 …

New conflict of interest disclosure law affects NY condos and co-ops

By Deborah Goonan, Independent American Communities   A new disclosure law in New York State highlights the fact that condominium and cooperative corporations are subject to different legal standards than government entities. While municipal, county, and state governments officials are legally prohibited from steering taxpayer-funded contracts to their own businesses, or those in which they …