Tuesday, July 20, 2010

Carolina Beach woman charged with embezzling $30,000A Carolina Beach woman has been charged with embezzling about $30,000 from homeowners associations

A Carolina Beach woman has been charged with embezzling about $30,000 from homeowners associations whose money she managed.

Michelle Lynn Bowman, 42, of 300 The Cape Boulevard, was arrested June 28 after turning herself in to Carolina Beach police. She is still being held in New Hanover County jail in lieu of $40,100 bond, according to jail officials.



She is accused of using identification numbers from four homeowners associations to get bank cards and withdraw cash, said Lt. Bill Goodson of the Carolina Beach Police Department.

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Thanks to Cynthia Stephens for this story. I wonder how much money is missing from communal coffers in America's hundreds of thousands of residental associations?


1 comment:

Anonymous said...

There's this trade organization......
....that lobbies against open records
......and the only real explanation is that open records permits the exposure of the trade organization's members' financial improprieties in HOA corporations.

Say it isn't so, CAI