Do HOA Embezzlement Stories Bore You?

The Good Lord knows I don’t want to bore readers of my blog posts! But my feeling is that there are so many HOAs being victimized by embezzlers, that the name of every HOA crook ought to be publicized far and wide. These crooks are not only rotten people for stealing, but they’re stealing from neighbors who put them into positions of incredible trust. In many cases, they’re stealing from elderly retired people who just can’t afford to pay special assessments to cover the HOA’s losses.

Well, bore you or not, the latest embezzler to be sentenced to prison is 63 year old Nancy Walker. She managed the treasury of the Ballenger Creek Meadows HOA in Frederick County, Maryland. She stole more than 137,000 bucks. She claims she gave the money to an internet acquaintance she’d never met; a man who alternately claimed he was in a South African hospital, and later in a South African jail. It’s a great sob-story, but it doesn’t change the fact that Walker stole from neighbors who had trusted her.

She got a sentence of 18 months in prison and restitution. Why HOA thieves never get more than 18 months is a mystery to this blogger. But the restitution is no mystery. She’ll never pay it.

Read more:

http://www.wfmd.com/pages/localnews2.html?feed=119935&article=10518565#ixzz2BBIugxZz

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3 Comments

Filed under embezzle, foreclose, HOA, Homeowners Association, lawsuit, realtor

3 responses to “Do HOA Embezzlement Stories Bore You?

  1. Ward,

    We were pleased to stumble across your BLOG regarding HOAs and potential fraud/embezzlement/abuse. Thought you and others might be interested in our service for the anonymous and confidential reporting of such issues: http://www.FRAUDHL.com

    Regards,

    Fraud Hotline, LLC

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