Here We Go Again! More Embezzling!

Is there an HOA in the country that hasn’t experienced embezzling by executives? HOAs historically are money pots, few homeowners even know how to investigate. But the arrest and charging of suspected embezzlers seems like a daily event. Maybe even an hourly event.

Put a money pot out there, give a soccer mom or a football dad exclusive control over the account, and it’s going to be stolen. I guarantee it’s going to be stolen.

Maybe I shouldn’t report on HOA embezzlement, It’s too easy. Maybe, instead, I should try to look for an HOA which hasn’t been cheated. It’s one of those ‘man bites dog’ situations.

(link to embezzlement story in Tennessee)

 

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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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