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 access to association funds. Warning signs include refusal to produce documents and a change in an individual’s financial position. Residents may also complain that maintenance is not being handled even though they have been paying their assessments. Read the article…………..
The former head of a condominium management firm on Oahu pleaded not guilty Monday to 14 felony counts of theft
In Part 1 of this series, I explored the reasons why condominium associations, homeowner associations, and cooperatives by and large