Fraud & Embezzlement

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Condo manager suspected of pocketing building repair money (FL)

A condo manager has been arrested for allegedly pocketing money that was supposed to be used for repair work.  According to officials, condo manager Donovan Staley kept the repair money that was to be used at Admirals Port Condo in

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Hasbrouck Heights Man Embezzled More Than $100K From Condo Association (NJ)

A borough man has been charged with embezzling more than $100,000 from a Bergen County condominium association.  Raymond Gonzalez, 62, was charged with theft and two counts of forgery, Bergen County Prosecutor Gurbir S. Grewal announced Wednesday.  The Bergen County

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Fort Collins accountant sentenced for felony theft (CO)

A Fort Collins accountant who pleaded guilty to felony theft in June was sentenced to community service and probation this week.  Meredith Kanter, also known as Molly Hoff, pleaded guilty to felony theft in June after two criminal cases alleged

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Former property manager gets jail time for Collingwood condo fraud

A Springwater woman was sentence to about four-and-a-half years in jail for defrauding condominium corporations in The Blue Mountains, Barrie and Collingwood of more than $909,000.  On Monday, Justice Nancy Dawson sentenced Springwater Township native Rhonda McCarthy to 30 months

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Prosecutors Drop Charges in Westbury HOA Theft Case (MD)

A litany of theft charges filed against the former property manager of the Westbury Community Association has been dropped by prosecutors, online court records show, but officials in State’s Attorney Richard Fritz’s office say Torya Nicole Timms is still under

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WRAL INVESTIGATES Man who bought HOA-foreclosed homes faces federal fraud charges (NC)

A Wake Forest man made more than $1 million by swooping down on homes in foreclosure and using an intricate shell game involving fraud, forgery and offshore companies, according to federal authorities.  Xavier Milton Earquhart faces 14 counts of bank

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Woodbury HOAs impacted by alleged embezzlement case (MN)

A senior executive at Durand & Associates, a property-management firm in South St. Paul, was recently fired after being accused of taking client money.  Members of Woodbury’s Eagle Valley Homeowners Association, Wedgewood Association and Woodbury Crossing received notices telling them

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Community Manager ordered to pay $1.6 million to HOAs (NV)

Dozens of Home Owners Associations are out a ton of money. Over a million bucks all together. Contact 13 finds out who took it and how they got away with stealing homeowners’ money.  Community Association Managers are supposed to look

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Trial for alleged HOA embezzler delayed to December (CA)

The trial for a man accused of being a co-conspirator in an embezzlement case involving nearly $2.8 million from a San Mateo homeowners association was delayed until Dec. 4 as his defense attorney addresses a family medical emergency, according to

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N4T Investigators: Tucson police investigating HOA

After a News 4 Tucson investigation into potentially missing money, Tucson police are now looking into a local Home Owners Association.  Since it’s an open case Tucson police can’t say much about their investigation, but officials with the financial crimes

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Police: Scottsdale management co. employee stole $200K from 8 HOA’s

A Glendale couple was arrested after they allegedly stole about $200,000 from eight Homeowners’ Associations across the Valley.  Scottsdale police report that in December of 2016 the chief executive officer of ‘The Management Trust’ was alerted by an HOA president

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Fort Collins accountant pleads guilty to theft (CO)

A Fort Collins accountant accused of stealing from two of her clients took plea deals in two criminal cases against her Monday.  Meredith Kanter, also known as Molly Hoff, appeared before Eighth Judicial District Judge Devin Odell Monday on 15

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HOA Secrets Exposed – Criminal Investigation Reopened (GA)

Whether you love or hate your homeowner’s association (HOA), you know that when the dues are due, you have to pay. But how much do you know about how that money gets spent?  A group of homeowners in Douglasville, Ga.

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Investigators try to gauge extent of alleged condo fraud across Twin Cities (MN)

Investigators are looking at more than 30 condominium and townhouse associations across the Twin Cities to determine the extent of alleged theft by a recently fired executive at a South St. Paul property management firm.  Residents of a property in

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Senior condo complex for U retirees is reeling from suspected embezzlement (mn)

The president of a Twin Cities property asset and management company fired a senior executive amid a criminal investigation into allegations that he stole from at least one of the firm’s many clients, an independent condominium complex where retired University

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Palmer woman indicted for allegedly defrauding homeowners’ association (AK)

A Palmer grand jury handed down a seven-count indictment Wednesday against a 63-year old Palmer woman who allegedly defrauded the Mountain View Homeowners’ Association out of almost $29,000.  According to the Alaska Bureau of Investigation’s Financial Crimes Unit and charging

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Ex-Boynton Beach HOA treasurer admits to embezzling over $50,000 (FL)

A former treasurer of a Boynton Beach homeowner’s association admitted Tuesday that he embezzled over $50,000 from the HOA, court records show.  Norman Glavas, 70, of Boynton Beach, pleaded guilty to one charge of grand theft over $20,000 and will

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Two Charged with Stealing from Condo Owners (FL)

The Bay County Sheriff’s Office has arrested the owners of Vacation Place Rentals, a property management company on Panama City Beach.  “The couple is believed to have rented condos and failed to pay condo owners,” deputies wrote in a news

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Former HOA treasurer charged with 8 counts of felony embezzlement (OK)

The former treasurer for the Summit Place HOA has been charged with eight felony counts of embezzlement.  We first told you about the story last October when several board members filed a police report alleging Ralph Mann embezzled around $200,000

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Would you know if financial fraud is taking place in your community?

I was recently contacted by a condominium client to discuss a growing distrust which had taken hold amongst the board members  and management related to financial functions, particularly with regard to the reconciliation of bank statements I asked my friend

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N4T Investigators: Residents fight HOA over possible missing money (AZ)

Residents of the Cuernavaca Villas housing community say they want to know what happened to potentially hundreds of thousands of dollars worth of HOA dues.  Sources say the money was managed by their former HOA president.  However, when residents asked

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Couple charged in Bradenton Beach condo fraud (FL)

A former president and treasurer of Gulf Reach Condominium Association in Bradenton Beach have been charged with defrauding the Florida not-for-profit corporation of more than $50,000 over a six-year period.  Alyson Colosia, 51, and Javier Colosia, 53, who also own

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Bahamas: Condo Owners Hit By Fraud, Says Court

The Court of Appeal has quashed two separate settlements after finding “that a fraud has been perpetrated on the unit owners” at a Freeport condominium complex.  Appeal Justice John Isaacs, in a May 16, 2017, verdict backed by his two

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Homeowners’ association prez admits to embezzling $300K; worked as civilian for NYPD

A civilian employee of the Police Department, who as president of a Rossville homeowners’ association used the group’s checking account as his personal piggy bank by siphoning off more than $300,000, pleaded guilty Wednesday to grand larceny.  Danny Juliano was

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Clearwater attorney disbarred for misappropriating funds (FL)

Nicole Mae Frost, an attorney from Clearwater, has been disbarred by the Supreme Court of Florida after an investigation found the attorney culpable in mishandling and misappropriating client funds in two matters.  In both matters, Frost was the representative for

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Help Your HOA Board Members Understand Crime and Fidelity Insurance

While nearly all HOAs have some type of policies on the books, many HOA boards have little or no idea what type of insurance they have or need. This can potentially lead to expensive litigation and claims that can cost

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Property manager, company plead guilty to wire fraud (CA)

A Ramona property manager and his company have pleaded guilty to wire fraud in concealing bids to a homeowners association involving improvements and asbestos removal.  Robert Walsh, 38, and his firm, Cornerstone Management Professionals Inc., will be sentenced July 7

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Manatee teacher steals $134,000 from condo association

A Manatee High School teacher is under investigation and facing charges of stealing from a condo association.  Alyson Colosia faces a scheme to defraud charge. Bradenton Beach Police say she and Javier Colosia served as president and treasurer of the

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Ask the HOA Expert: How Susceptible Are HOAs To Embezzlement?

Question: How susceptible are HOAs to embezzlement? What are common safeguards and how effective they are? Answer: Embezzlement in the past has not been common in HOAs because most had little money to embezzle. However, as more states enact mandatory

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Intervale woman accused of embezzling from condo association (NH)

An Intervale woman is facing charges for allegedly embezzling over $100,000 from Northbrook Condominium Association between April 2014 and October 2015.  Bartlett police officers arrested Lynne Barry, 53, at her home on April 25.  Barry has no prior criminal history,

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$22,000 stolen from homeowners association (CA)

Residents of a Santa Paula condo complex called the NewsChannel Three Tipline looking for justice.  They said two former officers of their homeowners association stole all of their money and skipped town. Despite proving their case in court, they can

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Woman accused of taking $100,000 from NH condo association

A woman has been arrested after she was accused of embezzling more than $100,000 from a town condo association over 18 months.  Police said Lynne Barry, 53 of Intervale, stole the money from the Northbrook Condominium Association from April 2014

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After arrest, Home Owner’s Association dues theft serves as example

It has been almost four years since allegations arose about the Belair Homeowners’ Association possibly falling victim to Laura Kozma, a former employee.  Monday, the AG’s Office arrested Kozma for theft over $25,000, money laundering over $20,000 and bank fraud.

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Slidell woman arrested for stealing from homeowners’ association (LA)

Attorney General Jeff Landry’s Office has arrested a Slidell woman for felony theft in excess of $25,000, Money Laundering over $20,000 and Bank Fraud.  Laura Kozma was booked into the St. Tammany Jail Monday following an investigation by the Louisiana

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PCSD: HOA treasurer admits to stealing $180,000 (AZ)

The treasurer for Canoa Seca Estates II walked into the Green Valley substation of the Pima County Sheriff’s Department on Thursday afternoon and told deputies he was guilty of stealing $180,000 from the homeowners association, according to a PCSD spokesman.

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Condo Deposit Fraud results in Criminal Conviction for Developer’s Lawyer

A Toronto lawyer, Meerai Cho, was recently convicted of criminal breach of trust and had her licence to practice law revoked for her part in facilitating the theft of $13,000,000 by her client, a condominium developer. We previously blogged about

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Clayton woman pleads guilty to embezzling $800,000 from 25 homeowner associations (NC)

Diana Kelly, a woman accused of embezzling more than $800,000 from 25 homeowner associations whose accounts she managed, pleaded guilty on Monday to the charges as part of a plea arrangement with Wake County prosecutors.  Kelly, 54, rose in front

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HOA defrauded of millions accuses law firm of facilitating scheme (NV)

Forty people were arrested and at least three people killed themselves after federal investigators started bulldozing a construction company owner’s massive election-rigging scheme to defraud homeowners associations of millions of dollars and win an illegal fortune off of construction defect

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Homeowners’ association treasurer gets 3 years for stealing $122,779 (FL)

The 60-year-old former treasurer of Cimarron Homeowners Association near Medulla was sentenced to three years in prison Friday for stealing $122,779 from the group over an 11-year span.  Martha Beard, who still lives in the 72-home community, told Circuit Judge

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Spotting and Stopping Fraud and Embezzlement in Your HOA

Fraud and embezzlement can cause a homeowners’ association’s (“HOA”) board of directors a lot of time, money, and energy. So how can the board prevent potential fraud or embezzlement before it occurs? The solutions are simple but often overlooked. The

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Former ITD official resigns (ID)

Facing felony theft and fraud charges, Idaho Transportation Department business manager Scott Fellom has resigned.  Fellom is accused of embezzling $13,363.85 in forged checks from the Sunset Ridge Homeowners Association in Post Falls. He was the treasurer of Sun Ridge,

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Grand Jury Calls for Criminal Charges to Rein in ‘Wild West’ of Condo Boards

The question isn’t whether there’s fraud and abuse among some of the boards, according to the grand jury report, which cites thousands of annual reports of alleged wrongdoing to Florida’s Department of Business and Professional Regulation. The question is how

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Trial for an alleged HOA embezzler delayed (CA)

The trial was delayed Friday for a man accused of being a co-conspirator in an embezzlement case involving nearly $2.8 million from a San Mateo homeowners association, according to the San Mateo County District Attorney’s Office.    Read the article……….

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ITD manager accused of HOA embezzling (ID)

Idaho Transportation Department business manager Scott Fellom is facing felony grand theft and forgery charges.  According to court documents, Fellom, an employee of ITD’s District I bureau in Coeur d’Alene, is accused of embezzling $13,363.85 in forged checks from the

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Ex-property manager indicted in theft of $8k from Cobb HOA (GA)

A former property manager was recently indicted after police say she stole more than $8,000 from a Kennesaw homeowners association.  A grand jury handed down the decision Thursday for Wendy Teresa Robinson’s pair of theft charges.    Read the article……….

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State fails to protect condo owners from board fraud, grand jury finds (FL)

The Florida state agency that regulates condominium associations does not work to protect the tens of thousands who live in condos, resulting in extensive fraud, mismanagement and conflicts of interest among the boards and management companies that govern them, according

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Embezzlement suspect receives probation sentence (MI)

A Gwinn woman accused of embezzling $19,000 from The Pines at Red Fox Woods Condominium Association was sentenced Thursday morning in Marquette County District Court.  Tracy Spruitenburg, 44, received 12 months probation plus court fines and costs. Spruitenburg was arrested

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Accountant Accused of Stealing $100,000 From Homeowners Association (GA)

A local accountant has been charged with stealing money from a homeowner’s association for more than a year.  Investigators with the Bartow County Sheriff’s Office arrested Gregory James Heath, 43, of Cartersville on Wednesday in connection to the case.  

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Debt collector pleads guilty to defrauding Lee, Collier HOAs (FL)

A man pleaded guilty to communications fraud for his role in debt collection scam that took at least $56,000 from three homeowners’ associations in Lee and Collier counties.  Robert Dana Brown also owed more than $48,000 to another nine homeowners’

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Malaysia: MACC nabs condo management execs in RM1.5mil misappropriation case

KUALA LUMPUR: A former secretary and an accountant of a Joint Management Body (JMB) of a condominium here were on Tuesday detained by the Malaysian Anti-Corruption Commission (MACC) on suspicion of misappropriating RM1.5mil.  The suspects, aged 53 and 27 years,

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