Former Quail Run HOA treasurer accused of grand theft - wptv.com
From Palm Beach: "A former treasurer for the Quail Run Homeowners Association has been charged with grand theft, according to the Boynton Beach Police Department. Police arrested Norman Glavas, 69, Thursday morning. Investigators say he embezzled more than $50,000 from the HOA."
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The need for transparency and oversight of HOA/condo association finances is obvious.
2 comments:
You mean the need for oversight of the people and agents "managing" the finances is obvious. I've always thought CAI's policies were designed to ensure unabated embezzlement and control fraud.
You know, it has been quite a long time since I've heard anyone from CAI claim that fraud, embezzlement and theft is an "isolated incident." I guess it's difficult to say that with a straight face with near daily reports like this. And who knows how many of these instances go unreported.
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