---
title: Property manager embezzled funds from condo association
description: board took it upon themselves to pay a management co. who owners knowledge or voting mgmt. co. was embezzling funds
image: http://www.condoassociation.com/hubfs/condo%20board%20president.jpg
---

[Skip to content](https://www.condoassociation.com/blog/property-manager-embezzled-funds-from-condo-association#main-content)

# Property manager embezzled funds from condo association

| [Property Management](https://www.condoassociation.com/blog/topic/property-management) |   [Board of Directors](https://www.condoassociation.com/blog/topic/board-of-directors) |  

<https://www.facebook.com/sharer/sharer.php?u=https://www.condoassociation.com/blog/property-manager-embezzled-funds-from-condo-association>

<https://twitter.com/intent/tweet?url=&text=https://www.condoassociation.com/blog/property-manager-embezzled-funds-from-condo-association>

<https://pinterest.com/pin/create/button/?url=https://www.condoassociation.com/blog/property-manager-embezzled-funds-from-condo-association>

<https://www.linkedin.com/shareArticle?mini=true&url=https://www.condoassociation.com/blog/property-manager-embezzled-funds-from-condo-association>

## What do you think? Question:

The board we have is completely void of any knowledge of laws, rules, declarations. They took it upon themselves to hire/pay a management company without owners knowledge or voting. The management company was embezzling funds and was raided by D.A. police & IRS seized all its assets. These morons simply walked away with losing their funds they paid in. The board does not even recognize fiduciary obligations. It doesn't have legal obligation to reimburse us for loss funds? Board hired new management company without bids or voting approval. Do we first -submit evidence or hire attorney. Board also hired atty without voting. Original declarant and management embezzled over $155,000 we are working with atty general as to all this. Anything we can do to put a stop to this board NOW?

<https://www.facebook.com/sharer/sharer.php?u=https://www.condoassociation.com/blog/property-manager-embezzled-funds-from-condo-association>

<https://twitter.com/intent/tweet?url=&text=https://www.condoassociation.com/blog/property-manager-embezzled-funds-from-condo-association>

<https://pinterest.com/pin/create/button/?url=https://www.condoassociation.com/blog/property-manager-embezzled-funds-from-condo-association>

<https://www.linkedin.com/shareArticle?mini=true&url=https://www.condoassociation.com/blog/property-manager-embezzled-funds-from-condo-association>

## What do you think? Answers (18)

#### 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. *  
  

## Related Posts

### [Snowbirds ask for reduction on their condo fees](https://www.condoassociation.com/blog/snowbirds-ask-for-reduction-on-their-condo-fees)

### [Shouldn't monthly condo fees be pro-rated from time of unit closing?](https://www.condoassociation.com/blog/tabid/19257/bid/21862/Shouldn-t-monthly-condo-fees-be-pro-rated-from-time-of-unit-closing.aspx)

### [Condo association collects fees but does nothing for owners ](https://www.condoassociation.com/blog/condo-association-collects-fees-but-does-nothing-for-owners)

```json
{
  "@context" : "https://schema.org",
  "@type" : "BlogPosting",
  "dateModified" : "2024-10-01",
  "datePublished" : "2024-10-01",
  "headline" : "Property manager embezzled funds from condo association",
  "image" : [ "http://www.condoassociation.com/hubfs/condo%20board%20president.jpg" ],
  "mainEntityOfPage" : {
    "@id" : "https://www.condoassociation.com/blog/property-manager-embezzled-funds-from-condo-association",
    "@type" : "WebPage"
  }
}
```