Yet Another HOA Embezzling Case

These stories come to us daily. Sometimes the loss is $28,000. Some are over a million dollars. Even when convicted there’s rarely any restitution from the embezzlers. And that means that every member of the Homeowners Association is going to be hit with a special assessment to cover the losses. Embezzling, kickbacks. And sometimes these crimes are so organized and so massive that they bankrupt entire neighborhoods.

Someday homeowners will wake up.

(link to another embezzlement in Tennessee)

 

Please follow & like us :)

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 “Yet Another HOA Embezzling Case

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.