---
title: Condo board member embezzles funds and returns them
description: "In a situation where an officer of the association embezzled funds but agrees to pay restitution and make the association \"whole,\" and therefore no insurance or bond claims are filed"
---

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# Condo board member embezzles funds and returns them

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## What do you think? Question:

In a situation where an officer of the association embezzled funds but agrees to pay restitution and make the association "whole," and therefore no insurance or bond claims are filed, will there be a negative impact on (1) the availability of financing from Fannie Mae or Freddie Mac, (2) will there be a negative impact on the future cost of insurance or bond? The association is considering whitewashing the incident. Is it better for the association to pursue the officer with policing authorities or will it be harmful to the association?

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## What do you think? Answers (6)

#### What are your thoughts on this topic?

***Comments and postings are not legal advice**, but are the opinions of our readers. This forum and its contents are being monitored. Please be respectful of each other. *  
  

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