The article linked below is stunning! Although this embezzler is not connected with an HOA, just consider this: if an undetected embezzler can steal $50 million from a small town, how much could an HOA management company steal from the 20 or 30 HOAs it oversees?
Unbelievable and stunning! Fifty million dollars! Watch your HOA like a hawk!
http://abcnews.go.com/US/wireStory/prosecutor-embezzlement-plea-warning-17721685
