By David Swedelson, Senior Partner at SwedelsonGottlieb, Condo Attorney and HOA Lawyer
I came across an interesting article with this title written by fellow community association attorney, Donna DiMaggio Berger, who practices in Florida. As Donna states in her article, “fraud is certainly nothing new but in today’s troubling economic climate, the chance that your community may be harmed by a fraudster, especially if you don’t have a series of checks and balances in place, rises dangerously.” This is so true. I track news articles that relate to condominiums and homeowners associations around the country, and I have not been surprised by the many news articles I have seen reporting on fraud and embezzlement committed by board members and association managers. And they go to jail!
Continue reading