By Eric Glazer, Esq.

Published August 5, 2019


I was involved this week in yet another situation where an association’s money was stolen by their management company.  Literally take out of their account by a management company employee and diverted to his own.  He was bright enough to create an elaborate system that made it appear legitimate bills were getting paid, but ultimately dumb enough to get caught.  When the management company realized what their employee did, he was fired and the money returned.


Over the years I have been involved with other cases wherein the manager opened up a fake company that sounded almost exactly like the association’s insurance agency.  The association thought they were paying their insurance agency every quarter.  They weren’t.  They were paying the manager, who is still incarcerated as of this writing.


Similar cases involve payments to spouses of board members, board members who weren’t paying assessments, and out and out payments to the board members themselves.  In one case, my client, who actually was a rocket scientist was able to uncover theft of association funds by the President via a sophisticated scheme of fake names.  


There are so many ways to steal from an association.  I can tell you this however… every case it happens because of a false sense of security and the thief knows that nobody is watching.  It’s the ultimate case of the fox guarding the hen house.  Amazingly, some of these crimes go on for years.  Not even the CPAs for the community catch the problem.


So, I know how boring it is to read a financial statement.  I know that as a board member you don’t get paid and don’t want to spend countless hours reviewing bank statements, bank balances and check registers.  Just know however, that nobody…..not even the people that are paid to……. cares about your money like you do.

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About HOA & Condo Blog

Eric Glazer Eric Glazer graduated from the University of Miami School of Law in 1992 after receiving a B.A. from NYU. He has practiced community association law for more than 2

decades and is the owner of Glazer and Associates, P.A. a seven attorney law firm with offices in Fort Lauderdale and Orlando and satellite offices in Naples, Fort Myers and Tampa.


Since 2009, Eric has been the host of Condo Craze and HOAs, a weekly one hour radio show that airs at noon each Sunday on 850 WFTL.




He is the first attorney in the State of Florida that designed a course that certifies condominium residents as eligible to serve on a condominium Board of Directors and has now certified more than 10,000 Floridians all across the state. He is certified as a Circuit Court Mediator by The Florida Supreme Court and has mediated dozens of disputes between associations and unit owners. Eric also devotes significant time to advancing legislation in the best interest of Florida community association members.

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