Sometimes, what initially appeared to be a curse turns out to be a blessing. This was the case at Lindenwood Village, a 146-unit co-op in Howard Beach, Queens, where the discovery of a theft by the office manager led to a major house-cleaning that helped salvage what had been a sinking ship. Read the article………….
Last week, we talked about the ways that your HOA can unwittingly be stripped of their monies. This week, we talk about the signs that your HOAHOA might be the victim of embezzlement. There are many clues to embezzlement, but the primary clue that theft or misappropriation of funds is occurring is secrecy. Any board […]
Last week we covered: the kickback, overbilling, expense padding, volunteer compensation and underreporting income. In the final installment of this two-partHOA series, we continue highlighting common examples of how HOA’s can unwittingly be stripped of their monies: Read the article……….