Quote:
Originally Posted by tarcone
We had a company that handled the money and was supposed to protect us. They were cutting this guy checks. Without any other person knowing. The guy faked the financial sheets he shared with the rest of the board and subdivision.
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How was the board signing off on the money he was supposedly spending on HOA expenses? We've got a management company, but I don't see how any board member could submit expenses to get reimbursed without the other board members needing to approve it. Sounds like a breakdown across the board, from the board itself to and especially the management company. They have to be liable for making sure that the money that is spent is approved, since they hold the money.