Tuesday, August 11, 2020

PCB woman arrested for allegedly defrauding condo associations

PCB woman arrested for allegedly defrauding condo associations

"PANAMA CITY, Fla. (WJHG) - The Bay County Sheriff’s Office announced Thursday the arrest of a Panama City Beach woman for allegedly defrauding several condo associations. Deputies say 52-year-old Lynn Price has been charged with Ongoing Scheme to Defraud in Excess of $50,000 for her alleged involvement. Bay County Sheriff’s officials say they were made aware of the possible theft back in May when $230,000 was removed from one local condo association’s bank account and deposited into a second association’s account. Deputies tell us the second association began reviewing their bank records and found that money had been removed from their account since at least 2017 by their association manager, Lynn Price."

-----------

A few years ago I tried to keep track of the condo association fraud stories but there were so many I gave up. If you live in a condo or HOA you need to be vigilant about where your money is going and who has access to it.

No comments: