Condominium Management News: Condo President of the theft of more than $ 30,000 charged to

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We know what happens. There are more than 300,000 condominium communities (condominiums, cooperatives and Hoa) in the United States. committed on the basis of pure individual statistics, there were about crime in some of these companies every day. Misappropriation in a building is no different than any other company or bad people sometimes do bad things bad or evil.

The Palm Beach Post reports today that the former president of a large department of a condominium in South Florida,Century Village has been accused of embezzling more than $ 30,000 of their association.

Now there are people who see this story and say that shows that all the condos and Hoa are corrupt, it is inevitable that board members are thieves and robbers and that the system has been dismantled. But for me it's nothing more to discuss, should be prohibited to banks or building societies, or hell, even the stores. For the love of God, in Florida, only an elected government, a guardedthe largest society of health care fraud in history. Why these people and societies, rather than lower standards than others? E 'because they are so large that they are infallible? It is because the fraud and theft are less local, less personal?

My opinion is that the crimes occur in all companies, regardless of size or type, and is the responsibility of other contractors to basic services, but to take the measures necessary to detect corruption before it becomes out of control.I think the above case is an excellent example of how to prevent fraud in your community. The article explains that the fraud was discovered when another was voluntarily withdrawn from the community are on board and asked to see the end of the year. When he said that "not available", some researchers have observed that the president had not paid their association. If this support from the rest of the paper was withdrawn immediately broughtPresident and asked them to turn in the books of the association. A quick survey revealed that two investment accounts had been closed because of overdrafts, and an examination revealed the diversion.

So what we have here is a volunteer citizens concerned, questions have done the right thing, they asked, and if these questions remain unanswered, he insisted on action. Who knows how long the officer would have been able to fool his community before he was found without the active participationResident of this commitment? The former president did not appear to the person as evil, conniving, but a normal person with an addiction to gambling, like many criminals, he made ​​a stupid choice desperate.

What can we learn from this story? First, if you live in an SOC, taking personal responsibility to take a few minutes each year, and opinions on the budget and finances, if you are sent, and ask for a copy if you do not. And 'your right asOwners to inspect the books and records of the association. Secondly, if the Board of Directors said they had a legal obligation to control the operation of the association. No one should have total control of any HOA or condo association, however small. 'S incredibly dangerous for anyone, with tens of thousands of dollars, regardless of the degree of reliability you can trust. Please note that states that your bank account neededThe signature of two board members - if not a single person (no fraud) may mislead the club.

I also believe that these cases show that the management company, far from being the evil empire, when clubs can offer a major benefit for all, to act as an additional monitoring and automatic control and balance against fraud. Employees can the management company to commit fraud? Sure. But when a club's books are handled by an independent bodySociety, but as an individual or games, allowing people to see each other fraud, and management companies are more accountable to the Council and residents could not official. It 's like the system of checks and balances in our government, a group looks at another, and if you look carefully, therefore, must be able to detect fraud and theft before it gets out of control.

No system is ever really prevent theft. If thievescan rob banks and museums, that can steal money from a building. However, constant monitoring of the various parties and also the absolute involvement of residents, the risk of diversion of funds can be substantially reduced. Both the owners and operators must take their responsibilities seriously and understand that part of life in a community of common property is the responsibility of the management of residential property. If you opt for a completely out-Consider your investment is a house without an organization that may be the best solution.