The Board has moved both the time of the monthly meeting and the location. The next Board meeting is Tuesday, January 27 at 1 p.m. at the Firehouse on Rancho Viejo Boulevard.
The Board’s intent is clear — to limit the number of residents who can attend by making it nearly impossible for anyone who works a regular job to be there. Also on the agenda is a motion to change the meetings from bi-monthly to quarterly. If they find monthly or bi-monthly meetings too onerous, they should not be on the Board.
This change is serious as it means that both minutes and financial documents will be available with a three month lapse because they need to be approved by the Board. On a national level, HOAs with issues of fraud or embezzlement are most likely to have quarterly meetings rather than monthly meetings, which we had until July 2014. Embezzlement by HOAs, either managers or Board members, is one of the fastest growing crimes in our country. Take a look at some of the stories in the links below.
Unfortunately, these cases are usually not uncovered until years after the crimes started, resulting in huge financial losses. And it is one of the easiest crimes to get way with because of resident apathy.
- OK: Bixby man charged with embezzling from homeowners’ association Prosecutors have charged a Bixby man of embezzling nearly $18,000 from a homeowners’ association….
- FL: Merritt Island HOA Treasurer Charged With Theft and Fraud Brevard County Sheriff’s Office Economic Crimes Unit investigators say that they have determined that a former treasurer of the Marsh Harbor Homeowner’s Association, Merritt Island, stole funds from the HOA account from 2009 through 2012….
- OH: Gorski sentencing continued
- Judge Lou D’Apolito on Tuesday continued for 30 days a sentencing hearing for a woman accused of stealing $100,000 from a Boardman condominium association….
- MO: Man who stole from condo association pleads guilty A man who stole more than $70,000 from his condominium association has pleaded guilty to the scheme…..
- Embezzlement and Community Associations: Do Not Let It Happen To Your Associatio Unfortunately, there is fraud and embezzlement being committed at community associations throughout California as well as across the country every day. We have written about this issue in the past; follow this link to an article we wrote that describ…
- FL: Former Longboat Key condo mgr gets 3 years in prison for stealing more than Manatee County Judge Thomas Krug sentenced the former manager of a Longboat Key condo association convicted of stealing more than $200,000 of the association’s funds to three years of prison abd 10 years of probation and ordered her to pay restitutio…
- CA: Solana Beach woman accused of $900k embezzlement A Solana Beach woman faces charges that she used her management company to embezzle about $900,000 from a Simi Valley homeowners association, authorities said….
- GA: Stratford treasurer indicted for stealing from homeowners association A Columbia County grand jury has indicted the former treasurer of an Evans neighborhood association on felony theft charges after she was accused in May of stealing more than a quarter-million dollars from the organization….
- FL: Former Volusia sheriff’s deputy gets 2 years’ probation in HOA cash thefts
A former Volusia County sheriff’s lieutenant was sentenced to two years probation after he was accused of stealing thousands of dollars from his homeowners association in Port Orange….
NJ: Condo head linked to $400,000 embezzlement
The embezzlement of at least $400,000 from the treasury of a local condominium association has been linked to its property manager, who authorities said killed himself after he admitted he stole the missing money….
I don’t know about you, but I would prefer to not let that happen here in Rancho Viejo South. The only thing that can stop it is an active resident community that does not let itself be dictated to by a Board that wants to act in secret without resident input, and does not represent the best interests of residents. We are particularly vulnerable in that our Board is backed by an attorney who will do whatever they ask, often in violation of bylaws, because she is receiving about four times the amount of money in legal fees as are budgeted. This is a financial bonanza for her. You probably don’t know this because the Board refused to make the 2014 expenditures available to residents at the annual meeting, even though Carol Thompson promised to do so at the September Board meeting.
The Board is also backed by HOAMCO, a management company that is supposed to represent the interests of residents who pay their salaries, not just a seven member Board. The president of HOAMCO, Justin Scott, publicly said at the annual meeting that the interests on RVS residents are not important to him, he listens only to the Board.
Those of you who can, please attend the Board meeting next Tuesday at 1 p.m. at the Fire House on Rancho Viejo Boulevard. Ask your neighbors to attend. Voice your opposition to the meetings being changed to quarterly. Otherwise, things will get worse than they already are and in a few years we may see RVS listed on a website that reports HOA financial malfeasance. And if you think the laws of NM will protect us, you are wrong. We are on our own.