Capturing the Pulse of the Homeowners Association Industry

The Online Community of the Community Association Industry

Scottsdale HOA sues property management company

A property management company is being accused of committing fraud and embezzling millions of dollars in HOA money.  It appears the president of the management company has made unauthorized transfers of HOA funds into her company's own bank accounts.  This total appears to be more than $3.4 million.
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More in this category: « Neighbors question developer's request for HOA fees East Bay homeowner fined by HOA for replacing lawn with drought-resistant landscaping »
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