Fraud & Embezzlement

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Developer in prison, but Clearwater condo owners still paying the price (FL)

When Wayne Chase retired from his nuclear plant job in 2012 and bought a waterfront condo overlooking Tampa Bay, he knew he’d pay the typical fees that come with gated community living.  But when he got his tax bill that

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Richland Township woman paid $53,000 restitution to homeowners’ association (PA)

A Richland Township woman was placed on probation after she paid back money taken from a homeowners’ association, authorities said.  Julianna T. Zamias, 33, paid $53,000 restitution to Skyview Estates Homeowners’ Association.  She appeared before Cambria County President Judge Norman

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Sleazy treasurer left Westchester Trump Tower a financial mess: suit (NY)

The other Trump Tower — in White Plains — is in financial trouble after the condominium discovered its longtime treasurer had been allegedly stealing cash for years, according to a lawsuit filing.  Frank Palazzolo, a real estate investor who was

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Cape HOA pays extra after company fails to pay bill (FL)

An ongoing Call for Action investigation has found another person claiming Goldy Krekic of Cape Coral-based Croat Pavers did not follow through on a job.  Jerry Dout, president of the Rubicon Condo Association in Cape Coral, recently reached out to

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Woman charged with felony theft (AR)

A Hot Springs woman is charged with a felony after being accused of transferring nearly $30,000 in funds to her private bank account while serving as treasurer of a property owner’s association.  Sara Delaine McQuilliams, 68, who lists a Belvedere

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Convicted HOA embezzler released from jail (CA)

The former manager of the Woodlake Homeowners Association who was convicted of embezzling nearly $2.8 million from the San Mateo property owners group will be released from jail while she awaits sentencing.  Susan Marie Lambert, 65, appeared in court Thursday

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Condo owners hold meeting with board over association theft (HI)

We’re learning more about a theft of more than a quarter-of-a-million dollars from a condominium association.  A meeting was held Wednesday night between Kukui Plaza homeowners and association board members.     Read the article……………..

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PBSO employee and husband accused of fraud, grand theft from HOA (FL)

A husband and wife from Lake Worth, who are former leaders of the Lantana Homes Homeowner’s Association, are accused of using HOA money for their personal bills.  The Palm Beach County Sheriff’s Office arrested Darlene Jeannette Cox and her husband

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Homeowners left hanging after $276,000 stolen from condo association (HI)

Kukui Plaza homeowners in downtown Honolulu are out more than a quarter million dollars.  Their condo association says the money was stolen from a bank account, and the bank says it’s not obligated to reimburse the homeowners.  The president of

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Lawsuit filed against former Lakes Northwest HOA board member (TX)

Earlier this year, KRIS 6 News told you about an investigation that found an estimated $61,000 missing from the Lakes Northwest Homeowners Association account. Now there is a civil lawsuit against the woman who was president of that HOA at

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Property Manager Charged with Fraudulently Pocketing Fees from Chicago Condominium Association (IL)

November 14, 2016. A property manager has been charged in federal court with fraudulently pocketing more than $150,000 in illegal fees from a condominium association in Chicago’s Edgewater neighborhood.  ALAN P. GOLD, the owner and operator of Chicago-based A.P. Gold

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Condo owners: Penalty for company too light (MA)

Two executives of a Haverhill-based property management company received probation earlier this month and were ordered to pay restitution to several condominium complexes they were accused of stealing money from.  The executives pleaded no contest to the thefts, which police

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Condo fraudster faces four-year prison sentence (ON)

A 47-year-old con artist who stole $3 million from 13 area condo corporations while posing as a trustworthy property manager faces four years in prison.  Brett MacKenzie Leahey will also have to pay back the funds he swiped from condo

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Elderly Rockford man charged with stealing homeowner association funds

An 82-year-old Rockford man was arrested Monday on charges of stealing more than $10,000 from the homeowner’s association of Thatcher Blake Riverwalk Condos located in the 2400 block of South of Main Street.  Frank O. Tartaglia, a former resident of

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Kass: Checks and balances can protect associations against embezzlement

Q:  I have just been elected president of my 150-unit condominium association and have heard that some property managers throughout the country have embezzled association funds. How can we protect ourselves and our money?       Read the Q&A…………..

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Ex-official who stole from Tamarac homeowners association gets prison sentence (FL)

A former homeowners association president in Tamarac has been sentenced to prison for embezzling more than $180,000 from her community.  Court records show that Michelle Changar-Coe, 46, changed her plea to guilty on a grand theft charge and was sentenced

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City Condos May Receive Refund After Outside Managers Plea Bargain

The Essex County District Attorney’s office is still trying to determine if a Haverhill condominium development will share in $20,000 in restitution from a Haverhill-based property management firm.  Shawmut Property Management pleaded guilty and its two representatives pleaded no contest.

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Hammocks Community Association Employees Charged In Thefts (FL)

Hammocks Community Association (HCA) employee Angie Rose Lantigua and former employee Leslie Navarro have both been charged after an investigation revealed that they had diverted $148,050.17 of HCA funds into accounts that they personally controlled. Angie Rose Lantigua was employed

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Shawmut Properties of Haverhill guilty of stealing money from condo associations

Almost a year and a half after their indictment by an Essex grand jury, two executives of a Haverhill-based property management company pleaded no contest to stealing from several condominium associations.   Andrew Raynor and Matthew Dykeman of Shawmut Properties

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Manager Pleads Guilty to Stealing $350,000 from Condominium Associations (AL)

A Birmingham woman pleaded guilty today in federal court to stealing more than $350,000 from condominium homeowner associations, announced U.S. Attorney Joyce White Vance and FBI Special Agent in Charge Roger C. Stanton.  JILL ROUSE, formerly Jill Rouse Boothby, 43,

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‘Condo crime family’ pleads guilty to felonies Trio must surrender HOA-management licenses (FL)

After nearly 20 years and more than 30 complaints to the state with allegations ranging from rigging elections to stealing funds, the so-called “condo crime family” has finally been stopped.  Married couple Robert and Rachel Dugger, and daughter Rachel Badilla,

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Former Kansas City HOA treasurer gets probation for stealing more than $100,000 (MO)

The former treasurer of a Kansas City homeowners association who admitted to stealing more than $100,000 from her HOA has received two years’ probation, an action that angered many residents who sought a more severe punishment.  Loretta A. Lock pleaded

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Condo Owners And Managers Need To Be On Guard Against Fraud

The victims of a Toronto property management company executive who borrowed millions of dollars against several condominium corporations then fled to his native Bangladesh are struggling with the aftermath of his fraud. Manzoor Moorshed Khan, president of Channel Property Management,

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Women sentenced for embezzling from business, condo association (MI)

Muskegon resident Jennifer Linn Mathiak, 34, was put on probation for one year and ordered to serve 50 hours of community service.  She admitted to taking between $4,000 and $5,000 from Johnson Fabrication and Welding, a Grand Haven company, on

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Whistle blower: Management firm misused HOA funds (CO)

A complaint filed with the state of Colorado’s real estate regulatory agency alleges that a local property management firm has, since 2012, misused funds intended for homeowners’ association payments in the upscale residential neighborhoods at the base of Aspen Highlands.

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Two indicted in $75,000 Wildwood condo theft case (NJ)

Two people were indicted by a grand jury this week after authorities say they stole more than $75,000 from a condominium association in Wildwood, according to court documents filed Oct. 18.  Helen R. Lloyd, 39, of Elmer, was indicted on

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Troubleshooters: HOA Problems (TX)

The Oak Bay Townhomes are located just off Weber. There are 15 units.  Lydia Ransom owns one of the units and is the new secretary/treasurer of the homeowners association.  After looking over the association’s financial records, she says she has

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Management company owner sentenced to federal prison for stealing from homeowner associations (MD)

William Kyndall Francis built his property management business from his basement, growing it to 100 employees before being caught stealing from clients.  Francis, 39, was sentenced in U.S. District Court in Baltimore on Tuesday to 42 months in federal prison

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Former treasurer of Homeowner’s Association under investigation for embezzlement (OK)

The former treasurer of the Summit Place Homeowner’s Association is under investigation for embezzlement.  The neighborhood is in N.W. Oklahoma City near 122nd and Rockwell.  Homeowners received a letter last week from several members of the board stating they believe

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Charges dismissed in alleged Leominster condo theft (MA)

The charges against a mother and son, who allegedly stole more than $183,000 from a local condominium association, were dismissed Wednesday in Leominster District Court after the judge ruled against a request by the state for more time…..Tim Connolly, a

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Ex-condo manager faces new embezzling charges in Watertown (CT)

Police have arrested a local woman for a second time on charges of embezzling money from a condominium association. Joanne Fournier, owner of Custom Property Management in Watertown,   (sorry it takes a subscription to read the entire article)  

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Embezzler pleads no contest: Former Woodlake homeowners’ association manager faces about three years prison (CA)

The former manager of San Mateo’s Woodlake condominium homeowners’ association accused of stealing $2.8 million could serve more than three years in prison after pleading no contest to embezzlement charges.  Nearly three years after residents were first tipped off that

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Miami-Dade launches first blow in fight against condominium fraud

Miami-Dade police launched their first blow in the fight to end local condominium fraud with the arrest Tuesday of a former accounting assistant accused of stealing thousands of dollars from the condo community.  Leslie Navarro, accused of stealing $148,000 from

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Birmingham woman stole $375k from 11 condo associations (AL)

A woman who managed 11 condominium associations in the Birmingham area has been charged with stealing more than $350,000 from those groups, federal authorities announced Tuesday.  Jill Rouse Boothby, 42, was charged Monday with one count of wire fraud, according

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Ogden HOA left in lurch while management company investigated (NC)

After a Garner-based management company, Kornerstone Community Management, closed its doors abruptly in August with no notice to homeowners’ associations it managed across the state, at least one local HOA is without access to its bank accounts.  The HOA of

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Police, Wake DA to HOA leaders: Be patient, get lawyers (NC)

awyers and police counseled patience Thursday night before a crowd of homeowners association leaders gathered to hear an update on an investigation into money that was discovered missing after the management company that ran the associations closed suddenly.  Garner Chief

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Former Tidewater Property Management employee receives no jail time for $55,000-theft scheme (MD)

A former Tidewater Property Management employee was given a 10-year, fully-suspended prison sentence Wednesday morning after pleading guilty in April in stealing over $55,000 from individual homeowners and the Wyndham Condominium Association.  Donald Eugene Henderson III, of Pasadena, pleaded guilty

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Police execute search warrants in HOA case (NC)

Police detectives took 14 file cabinets containing legal documents, 55 boxes of files and computer memory from seven machines on Aug. 11 after searching the office of the management company that 11 homeowners associations claim stole their money, documents showed.

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Shawmut Properties trial continued again

Members of condo associations in the region will have to wait until late this year, at soonest, to see if two members of a Haverhill-based company are found guilty of stealing $100,000 from the associations.  The trial of the executives

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SBI joins investigation of missing HOA money (NC)

Police said Wednesday they have called in financial crimes experts from the State Bureau of Investigation to assist in an investigation of possible embezzlement from dozens of area homeowners associations.  Twenty-five HOAs from across the Triangle have filed complaints with

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Ex-official who stole from Tamarac homeowners association gets prison sentence (FL)

A former homeowners association president in Tamarac has been sentenced to prison for embezzling more than $180,000 from her community.  Court records show that Michelle Changar-Coe, 46, changed her plea to guilty on a grand theft charge and was sentenced

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Triangle HOAs claim management company closed shop with their money (NC)

Police are investigating whether a management company has stolen hundreds of thousands of dollars from at least 27 homeowners associations across the Triangle.  The management company, Kornerstone, whose office was based in Garner, suddenly closed without notice, leaving some associations

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Police estimate $500K missing in Garner HOA embezzlement case (NC)

Two dozen more homeowners associations in the Triangle have come forward in connection to the possible embezzlement of tens of thousands of dollars.  Last week, two HOAs had filed reports with Garner police and four others filed complaints with the

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NC: Garner police investigate after HOAs say money missing

Police said Wednesday that they are investigating the possible embezzlement of tens of thousands of dollars from at least six homeowners associations in the Triangle.  Accounts for all six HOAs were, at some point, maintained by Kornerstone Community Management in

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News 2 I-Team: HOA taken for $16,000 (SC)

“He did all the right moves,” she remembered. “He sent me an orchid. He was very diligent in the beginning.”  Then excuses started. It was months before she heard from him. She demanded her money back or for work to

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Former employee stole $90,000 from Inn at Aspen (condo) hotel (CO)

A former manager of the Inn at Aspen allegedly stole over $90,000 from the hotel in a scheme involving employee rental payments and the funneling of money to a company he owned.     Read the article………………

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Spotting and dealing with fraud in a condo building

Fraud in a condominium building can be devastating. The most common form of fraud in a condo building is theft by a board member who has the authority to sign checks. Risk is especially high when only one individual has

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Accused homeowners’ association embezzler opts for trial rather than ARD program (PA)

The woman at the center of a scheme to embezzle money from a Richland Township homeowners’ association will stand trial, likely in October.  Julianna T. Zamias, 32, opted for a trial rather than enter the Accelerated Rehabilitative Disposition (ARD) program,

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Spotting Financial Irregularities: Red Flags Every Board Member Should Know About

While it’s pretty much impossible for a condo board, HOA or an employee thereof to commit fraud on the scale of a Bernie Madoff or any one of the greed-driven shysters who have made headlines in recent years, building boards

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Ex-Lake Redwine (GA) manager guilty of pocketing HOA fees

A former Lake Redwine homeowners association manager has pleaded guilty to charges of forgery and four counts of unlawful use of a financial transaction card.    Read the article………….

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