Daily Embezzlement News

It never ceases to amaze me how blatant HOA embezzling is. Today’s case involves a board member at the Woodcreek Homeowners Association in Bixby, Oklahoma.

55 year old Gregory Horvath was arrested for stealing 18,000 dollars from his neighbors. Police say Horvath funneled excessive amounts of HOA money through his insurance company, then wrote checks to himself and his wife.

Note to homeowners everywhere: Study the books in your own HOA. You’ll find problems of your own. The very structure of American HOAs encourages cheaters.

(click here for Oklahoma embezzlement story)

 

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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.

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