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Board Members, and Owners, have to Watch Each Other

/ Owner - March 27, 2023

A condo owner who served 15 years on the board was arrested and accused of stealing millions of dollars of monthly maintenance fees and diverting them for personal use. The accused served as President for some years, and even President and Treasurer during other years. At one point, he was the only signer on the association’s bank account and the holder of the only checking card linked to another bank account for the condo. The second association account actually had the person’s name on it. He made almost $19,000 in ATM withdrawals on the account.   Read the article………………………..

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