guest blog by Deborah Goonan
Another isolated incident?
It seems like there are several reports of HOA theft and embezzlement each week. Sometimes it’s a rogue Board member writing checks to herself or buying himself a new car. But sometimes it’s the Community Association Manager skimming funds, as in this case in Georgia. Atlanta, Dunwoody, and Chamblee police departments are currently investigating up to twelve HOAs where Michael Sisson was hired to manage the communities’ operations and finances.
Yes, up to one dozen.
So far, Dunwoody police have filed charges against Sisson involving $180,000 in missing funds from two separate HOAs. Hopefully, these HOAs had adequate insurance policies and were paid in full. No doubt they were relying on Sisson to pay the bills.
Anyone care to guess how much this investigation is going to cost taxpayers, including the ones who are fortunate enough not to live in one of these HOAs?