Kansas City man lands in big house for embezzling from homeowners associations - Kansas City Business Journal:
Dale Palmer, who owned Kansas City-based Home Owner Association Services, was sentenced to nearly four years in federal prison for embezzling from dozens of homeowners associations.
Palmer, 54, of Kansas City, faces 46 months without parole and an $825,937 restitution order. He pleaded guilty to mail fraud in February.
According to prosecutors, Palmer embezzled more than $750,000 from homeowners associations in Missouri, Kansas, Wisconsin and Illinois while he ran the property and account management service from July 2009 to March 2011.
More embezzlement. And yet the industry keeps right on claiming that no governmental oversight is needed.