Embezzlement, Embezzlement, Embezzlement

Couple sentenced for stealingThere are so many people who embezzle from their Homeowners Associations, that you just can’t keep up. I could probably do ten stories a day on these horrific crimes and not cover them all. But I will occasionally cover some of them just to give a few of these creeps a little extra face time.

This couple stole $200,000 from the timeshare group they managed. At least they’re going to get some quiet time…behind bars. But do you think that’ll stop other embezzlers? Not in a million years will these cheap little jail sentences create any deterrence factor for others. As long as the current HOA structure exists, board members, presidents and treasurers will continue stealing what usually is easy money.

Mandeville, Louisiana.

Amanda Sturdivant.

Jimmy Sturdivant.

Creeps.

Thieves.

They’re two of the reasons that your Homeowners Association absolutely does not protect your property values. Your membership in an HOA paints you as a complete and total sucker.

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About

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.

1 thought on “Embezzlement, Embezzlement, Embezzlement

  1. Nila

    When did embezzlement become a career choice? It sure has become a popular way to “make a living” for those HOA board members. Let me think a minute…how much easier could it get with no access to records, (unless you file a lawsuit and then hear lies about lost records) no audits required, single signers on checks, dues paid in cash, and no government oversight? Geez, HOAs truly are a thieves paradise!

    I thought the case of $10,000,000.00 (ten million) dollars unaccounted for in my HOA was an isolated case. I’m starting to realize it’s just one among far too many.

    Reply

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