This blogger has repeatedly said that embezzling in American HOAs is almost universal. There are no controls, and where there are no controls human beings universally drop to their lowest ethical level. Another example popped up in Davenport, Florida.
HOA president David Meadows has been arrested for allegedly stealing a half million dollars from his Homeowners Association. One resident, Danielle Groth, says it’s routine for her HOA to charge $100 a day for such things as cigarette butts on the ground to kids’ toys in the yard or the wrong style of window blinds.
You don’t hear many stories about HOA nightmares in Oregon and Washington. Well, folks, that’s changing.
Here’s a story that claims 31 Homeowners Associations in Oregon were ripped off by their management company. Homeowners are facing huge special assessments to make up for the loss. The management company employee embezzled up to two million dollars. HOAs from Portland to Forest Grove are struggling under the weight of the financial disaster.
Stunned homeowners were heard saying, “Gosh, you just don’t hear about this kind of thing happening.” to which our only comment should be “HA HA HA HA HA HA HA!”