Wednesday, February 22, 2012

Man admits embezzling from Wisconsin, other homeowner groups - TODAY'S TMJ4

Man admits embezzling from Wisconsin, other homeowner groups - TODAY'S TMJ4

Palmer owned and operated Home Owner Association Services, which provided management services and managed accounts for homeowner associations in Missouri, Kansas, Wisconsin, and Illinois.

Prosecutors say when Palmer closed the company's Kansas City office in March 2011, $751,302 was missing from the accounts of 32 homeowner associations.

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Thanks to Fred Pilot for this link to yet another of the dozens and dozens of HOA/condo manager frauds that have taken place in recent years. But remember: all of them are isolated instances that do not point to the need for government oversight of this industry.

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