Friday, June 29, 2012

Protect Yourself Against Homeowners' Association Fraud

Groups run by volunteers that hold money on behalf of all their members are increasingly vulnerable to insider scams, such as homeowners' association fraud.

Unscrupulous employees or board members exploit the fact that most volunteers likely know little or nothing about financial managementto "cook the books" or channel money to contractors who pay them a kickback.

They know too that volunteers are often pressured for time and may not scrutinize activities in the way that paid officials would do.

Click here to read the full article. 

©Copyright Audri and Jim Lanford. All rights reserved.
Reprinted with permission.
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