Wow! You don’t see stories like this every day. But an HOA management company is being sued by an HOA over a minor little infraction of the law… the embezzlement of 3.4 million dollars.
The Edge at Grayhawk Condo Association in Scottsdale thinks embezzling is a crime. These homeowners pay dues of $300 a month. But they just felt that their money was going down a rat hole. And the rat, they think, is Eagle Property Management.
The cops are looking into the matter, and the company president is refusing to talk to anyone.
With embezzlement from HOAs the largest unreported crime in America, how dare these rich homeowners complain because they got ripped off?
If you live in an HOA, you’re gonna get ripped off.
Live with it.