“Condo fraud revealed” – Fraud Magazine
“Risks lurk behind ‘carefree’ condominium living” Fraud Magazine May/June 2015 (online April 2015) http://www.fraud-magazine.com/article.aspx?id=4294988058 “Condo homeowners’ environments can be incubators of fraud because volunteers comprise the boards that oversee the … Continue reading
US Department of Justice – Fraud Division
http://www.justice.gov/criminal/fraud/ “The Fraud Section plays a unique and essential role in the Department’s fight against sophisticated economic crime. The Section is a front-line litigating unit that acts as a … Continue reading
“Lack of regulation makes condo regimes easy targets for fraud”
“And some business officials say those are only the publicly reported cases. Other management firms have misused condominium and homeowners’ associations money but quietly returned the money after embarrassed board … Continue reading
“Fraud Squad” “Exercise comprehensive financial controls to safeguard association assets”
http://www.asaecenter.org/Resources/AMMagArticleDetail.cfm?ItemNumber=7100 “In Calabasas, California, the property manager of a 268-unit homeowners association stole $1.5 million during a seven-year period before his activities were discovered.” “He used a common ploy: He … Continue reading
“Condo treasurer embezzled from Semoran Club, cops say”
2013 Florida http://articles.orlandosentinel.com/2013-01-23/news/os-semoran-club-embezzlement-arrest-20130123_1_condo-treasurer-condo-association-internal-audit “The treasurer of a local condo association faces a felony grand-theft charge, suspected of embezzling more than $45,000 over a four-year period, records show. Investigators say management … Continue reading
2015 Condo / HOA Crime Log
Aug 2015 FL “Kristin Glansen pleads not guilty in embezzlement scheme after fleeing to Clearwater Condo manager accused of embezzling more than $200,000 caught after landlord sees Local 10 News story” … Continue reading
2014 Condo / HOA Crime Log
Dec 2014 Waltham, MA “Waltham woman pleads guilty to embezzling $350K from condo complex” “A Waltham woman admitted over the summer to embezzling about $350,000 from a condominium complex, according … Continue reading
“Leland man accused of embezzling from Surf City condo group”
March 2015 Surf City, NC http://www.starnewsonline.com/article/20150312/articles/150319886 ” . . .arrested a Leland man this week who is accused of embezzling more than $32,000 while he was the property manager for the … Continue reading
Oops . . . what’s missing?
Frequently targeting the elderly, condo / community association embezzlement fraud is one the most significant types of financial crimes in the U.S. True or False? Despite the very high frequency … Continue reading
“Condo leadership in turmoil”
“Condo leadership in turmoil” Feb 2015 South Florida http://www.sun-sentinel.com/news/fl-condo-money-probe-20150219-story.html#page=1 “Now state regulators are looking into owners’ allegations that Picerno misspent $177,000 in condo money while Hallandale Beach Police investigate possible … Continue reading
Condo Watch: Articles Every Condo Owner & HOA Member Should Read 