Why hasn’t Hollywood jumped on the uncontrollable embezzling that happens in Homeowners Associations across America? Some astute member of the Writers’ Guild could come up with a great screenplay. The reason it hasn’t been done is that the plot would just be too unbelievable.
If you know a good writer, tell him to look at the current story in the Bear Reserve Homeowners Association in Eustis, Florida. The cops have just busted a couple of developers who became board members on this HOA. The pair are accused of embezzling 1.5 million dollars and moving it to shell corporations. How the heck didn’t homeowners discover many years ago that they were being ripped off?
Always remember that embezzled money is rarely returned, which means a special assessment against all HOA property owners. That’s part of what makes HOA embezzling such a horrific crime.
If your board refuses to give you an accounting of all HOA funds spent, if you get delayed, harassed or ignored for making such a request, then you, my dear friend, may rightly assume that your HOA money is being embezzled. Just assume it! It’s going on everywhere.