“Q&A: In Wake of APMS Investigation, Southwest Florida HOA Attorney Explains How To Avoid Fraud” – News-Press

“Q&A: In Wake of APMS Investigation, Southwest Florida HOA Attorney Explains How To Avoid Fraud” – News-Press

Community associations are not immune from fraud on the part of employees, members, or contractors. In a Q&A with News-Press, Becker Shareholder Rob Caves went into detail about what community associations can do to identify and protect against fraud. Topics covered include:

  • The kinds of fraud and financial mismanagement that are most common.
  • The due diligence prospective buyers should do.
  • The procedures an association board should follow as safeguards.
  • The signs that the board is on top of things, and the red flags that it is not.
  • The effect that fraud can have on individual owners.
  • What owners can do to hold boards accountable.
  • How to recover stolen funds.

To read the full article, click here.

Rob Caves is a Shareholder in Becker’s Community Association practice group. He is general counsel to condominium, cooperative, and homeowners associations, and maintains an additional focus on telecommunications issues.