Embezzling A Cool 2.5 Million From Your HOA!

It’s nice work if you can get it.

39-year-old William Francis managed money for more than four dozen HOA clients. He also managed to steal enough to finance the kind of life many men like him would love to have. Limousines, hookers, porn, NBA tickets. He faces a maximum of 20 years in federal prison. Ah, but these judges rarely sentence a white collar criminal to more than 18 months behind bars. This man apparently spent a lot of his life behind bars, the kind where you find loose women and alcohol.

A life of luxury? People like this guy should get life in prison. Until we start treating embezzlement from HOAs like the crime it really is, the wave of corruption will continue. Nobody takes this crime seriously….except the victims.

(HOA manager admits a life of luxury after stealing all the money)

 

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About Ward Lucas

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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