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)
