RichardL7 (Colorado)
Posts: 105
Posts: 105
Posted:
Hello again.
It has been some time sense I have request help from this web sight and
related to A Management Co. As such one member stated that when
you tackle a major problem of that size it’s like eating an elephant, you
do so one bite at a time and he/she was correct. Our M.C. has been
replace and it was no easy job, that is to say retrieving all the
information from the M.C. Changing the Board members and starting
the process of restructuring. In short my friends it was a major
achievement but a very sad one. It’s a long story, but in short we were
deceived, lied too and the financial situation was just horrendous. The
treachery, ( M.C. ) and I do mean treachery was such that it even
shocked me and that not easy to do. When all was checked out we were
$70,000.00. In the hole and no accountability of why. We have started
proceedings and the out come is still in process. WE have a forensic
C.P.A and it has also been turned over to the police Department. We
are holding for the outcome, but the F.C.P A. found more then ample
reasons to proceed with legal Action. We have only 60+ units.
What I wish to say is, a big thanks for the help I have received and
remind each and every one who is involved with a Association, don’t
take anything for granted but verify, Verify and Verify, and do so with
all related records and invoices, as they say trust but verify all accounts.
My sincere thanks for all the help I have received, your just great.
Rich.
It has been some time sense I have request help from this web sight and
related to A Management Co. As such one member stated that when
you tackle a major problem of that size it’s like eating an elephant, you
do so one bite at a time and he/she was correct. Our M.C. has been
replace and it was no easy job, that is to say retrieving all the
information from the M.C. Changing the Board members and starting
the process of restructuring. In short my friends it was a major
achievement but a very sad one. It’s a long story, but in short we were
deceived, lied too and the financial situation was just horrendous. The
treachery, ( M.C. ) and I do mean treachery was such that it even
shocked me and that not easy to do. When all was checked out we were
$70,000.00. In the hole and no accountability of why. We have started
proceedings and the out come is still in process. WE have a forensic
C.P.A and it has also been turned over to the police Department. We
are holding for the outcome, but the F.C.P A. found more then ample
reasons to proceed with legal Action. We have only 60+ units.
What I wish to say is, a big thanks for the help I have received and
remind each and every one who is involved with a Association, don’t
take anything for granted but verify, Verify and Verify, and do so with
all related records and invoices, as they say trust but verify all accounts.
My sincere thanks for all the help I have received, your just great.
Rich.