Becker & Poliakoff

Fighting Fraud, Combating Cons, & Protecting Peace with Michael Reiter, Michael Reiter Associates

Fighting Fraud, Combating Cons, & Protecting Peace with Michael Reiter, Michael Reiter Associates

For more episodes of Take It To The Board, click here!

Did you know that shared ownership communities are prime targets for con artists and fraudsters? And that even the best association employee can be tempted to join those ranks?

Former Palm Beach Police Chief Michael Reiter tells host Donna DiMaggio Berger that the most effective way to “keep honest employees honest” while protecting an association’s financial resources is to put systems in place that require multiple approvals for expenditures and encourage regular questioning of itemized invoices.

Conversation highlights include:

  • The telltale signs of fraudulent activity, and how to identify the ‘fraud triangle’;
  • Recommended actions every association can take to guard against fraud, including how to protect the reserve fund;
  • Which source documents can be the most helpful;
  • How to handle vendors offering kickbacks and why associations should avoid accepting them;
  • How to handle the threat of violence within a community association, including the right time to call local law enforcement;
  • What can be done when the board and/or residents believe a sexual predator lives in the community;
  • The role of leadership training in creating a strong board; and so much more.

BONUS: Unclear on who is responsible for finding fraud in a community association? Hear the surprising answer from man who led the original – and only successful – investigation of sexual predator Jeffrey Epstein.

About Take It To The Board

Think you know what community association life is all about? Think again. Residents must obey the rules, directors must follow the law, and managers must keep it all running smoothly. Take It To The Board explores the reality of life in a condominium, cooperative or homeowners’ association, what’s really involved in serving on its board, and how to maintain that ever-so-delicate balance of being legally compliant and community spirited. Leading community association attorney Donna DiMaggio Berger acknowledges the balancing act without losing her sense of humor as she talks with a variety of association leaders, experts, and vendors about the challenges and benefits of the community association lifestyle.

If you’ve got a question, Take It To The Board with Donna DiMaggio Berger – We Speak Condo & HOA!

Episodes are available for subscription on iTunesAmazon Music, Spotify, YouTube, or listen through any podcast streaming app. You can also click here for the full archive.