Sigh. Another Day, Another Dollar.

Or another thousand dollars. A couple of Homeowners Associations in Southern California are still trying to figure out how much was stolen from them. Fortunately, at least one of them had insurance but it’ll be a while before they find another insurance company. HOAs are getting a stinky reputation in the insurance industry because embezzling is so rampant. The seemingly massive theft linked below is just another average day of looting the HOA treasury.

(link to Ventura County Star story on HOA embezzlers)

 

 

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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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