Do HOA Embezzlement Stories Bore You?

Boonsboro Woman SentencedThe Good Lord knows I don’t want to bore readers of my blog posts! But my feeling is that there are so many HOAs being victimized by embezzlers, that the name of every HOA crook ought to be publicized far and wide. These crooks are not only rotten people for stealing, but they’re stealing from neighbors who put them into positions of incredible trust. In many cases, they’re stealing from elderly retired people who just can’t afford to pay special assessments to cover the HOA’s losses.

Well, bore you or not, the latest embezzler to be sentenced to prison is 63 year old Nancy Walker. She managed the treasury of the Ballenger Creek Meadows HOA in Frederick County, Maryland. She stole more than 137,000 bucks. She claims she gave the money to an internet acquaintance she’d never met; a man who alternately claimed he was in a South African hospital, and later in a South African jail. It’s a great sob-story, but it doesn’t change the fact that Walker stole from neighbors who had trusted her.

She got a sentence of 18 months in prison and restitution. Why HOA thieves never get more than 18 months is a mystery to this blogger. But the restitution is no mystery. She’ll never pay it.

Read more here …

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Ward Lucas is a longtime investigative journalist and television news anchor. He has won more than 70 national and regional awards for Excellence in Journalism, Creative Writing and community involvement. His new book, "Neighbors At War: the Creepy Case Against Your Homeowners Association," is now available for purchase. In it, he discusses the American homeowners association movement, from its racist origins, to its transformation into a lucrative money machine for the nation's legal industry. From scams to outright violence to foreclosures and neighborhood collapses across the country, the reader will find this book enormously compelling and a necessary read for every homeowner. Knowledge is self-defense. No homeowner contemplating life in an HOA should neglect reading this book. No HOA board officer should overlook this examination of the pitfalls in HOA management. And no lawyer representing either side in an HOA dispute should gloss over what homeowners are saying or believing about the lawsuit industry.

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