Deceit and Theft In a Condo Association…Part 2 it gets worse!
When we last left Tim, Joe and Rita they had committed a mountain of sins against their own community association. By having private board meetings they had violated state statutes. When they diverted rental revenue to their own bank account they were guilty of grand theft. When they drilled the locks on abandoned units and rented them out they committed an act of breaking and entering. Worst of all they had violated the trust of their neighbors and partners in Gonif Condo association, but this was just the beginning.
Like most criminals who get away with a crime the greed is too much for them to resist and they start to look for other ways to unjustly enrich themselves. This pattern followed the board of Gonif Condominium Association and Tim, Joe and Rita became like a school of sharks on a feeding frenzy.
Gonif Condo was without a management company so the association did need to have an office staff which Rita was only too willing to occupy so that this rouge board could maintain their control of the association. Last year office supplies cost the association $750.00 but this year the costs skyrocketed and the expense of running the office went up to $ 12,000.00, which is not bad because after all they were saving on paying a management company. Part of those expenses went to buy some beautiful new laptop computers and printers (three of each to be exact) and although they were delivered to the association’s office they did wind up in the apartment’s of the board of directors.
Tim was an engineer who had a lot of connections in the construction industry (cousin Jimmy) and the association required some “emergency” repairs. To keep things looking honest three bids went out but it was a cousin Jimmy that received the job, and under the table cash did change hands. The association needed new rugs in the hallways and Rita found a company that would install them (her sister in law Susan). For that consideration Tim, Joe and Rita each got new floors installed in their private units at no charge (cousin Susan had impeccable taste in marble floors). Petty cash was another revenue stream for the board and as long as they did not raise the maintenance fees nobody complained. They raided the reserve fund to pay for the carpeting and so called emergency repairs. The association was kept clean, services were maintained, and nobody complained or even cared.
Tim, Joe and Rita no longer even bothered to hold board meetings and just managed the building over the phone, email and if they had to meet they would do so privately in one of their apartments. Aside from the revenue stream realized from skimming the rents on the apartments that they were renting the total cost to the association for the hard work performed by their board of directors amounted to another $130,000.00 in their first year and nobody said anything and the rape of Gonif Condominium Association continued. Then came Mister Parker.
