The cops probably arrest one out of every 10,000 HOA embezzlers. It’s a crime that’s very hard to catch in the typical HOA structure. But here’s the latest suspect to be arrested.
41 year old David Russell Nero was treasurer of the Ashley Farms Property Owners Assocation in Dover Township, Pennsylvania. He’s now charged with stealing more than $60,000 from his neighbors in 2010 and 2011.
WPMT television reports that Nero is accused of forging 76 checks. He’s also charged with cashing out a CD that was bought by the Association.