Fraud in a private Residential community

Started by PetunkaM • 1 replies • 1395 views

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PetunkaM (Florida)
Posts: 1,009

Posted:

On August 15, attorney Donna Berger posted an interesting article on her blog (link below) you may want to read if you suspect something is not right with your books. It is amazing, how innovative some people are. Here she mentions one case out of Michigan.

‘Make sure your bank provides duplicate statements directly to someone else other than the person handling your books. Why do this? A case out of Michigan dealt with a bookkeeper who received the bank statements and then cooked up a duplicate set with new numbers on her home computer to present to the board. Having dual statements sent out would have prevented this fraud.’

http://www.condoandhoalawblog.com/

TimB4 (Tennessee)
Posts: 21,059

Posted:

P -

That advice concerning duplicate statements is a good one. Another option would be that since most banks allow you to see statements on line, the Treasurer should be able to do this any time they desire.

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