AnnR2 (California)
Posts: 1
Posts: 1
Posted:
I am a vp on the board for my community.In reviewing the financials, I discovered that the board president purchased 7 units within the past year. this would not be a huge problem, except he did not disclose any of the purchases when voting on liens against the properties. The president was privy to financial information on delinquent homeowners from executive sessions. His family member, contacted the owners and arranged for the president to purchase their homes right before they were forced to sell. Past executive session minutes show that he was the one bringing the motion forward to forgive amounts owed in dues and to stop liens on the properties - while he was in escrow to purchase the units.
When confronted, he still denies owning the units when he is the sole person on the deed. After confronting him, he has since quitclaimed the properties (all paid for in cash) to an attorney.
I should also mention that he approved invoices ranging between 12k - 25k on 4 of the seven units for work done due to slab leak damages. Nothing was reported to our management company and I really have no proof other than his word that a leak even existed in these units. the money was paid to contractors who make large donations to his charity.
since I have asked for an explanation from him, my family has received 2 death threats in a community where we have lived in for 14 years without any problems. I'm not accusing him of making the threats, however, it has been very stressful on my family. I have documentation to support everything I have stated but he has two very close people on teh board with him and they trust him 150%. I am running out of options. When I question other properties he may be involved in purchasing, he accuses me of being racist and wont answer my question - "what is your affiliation to this unit?" Is this an unreasonable question? If he is affiliated or in the process of purchasing the unit, he should recuse himself from voting on any financial issues relating to the unit.
When confronted, he still denies owning the units when he is the sole person on the deed. After confronting him, he has since quitclaimed the properties (all paid for in cash) to an attorney.
I should also mention that he approved invoices ranging between 12k - 25k on 4 of the seven units for work done due to slab leak damages. Nothing was reported to our management company and I really have no proof other than his word that a leak even existed in these units. the money was paid to contractors who make large donations to his charity.
since I have asked for an explanation from him, my family has received 2 death threats in a community where we have lived in for 14 years without any problems. I'm not accusing him of making the threats, however, it has been very stressful on my family. I have documentation to support everything I have stated but he has two very close people on teh board with him and they trust him 150%. I am running out of options. When I question other properties he may be involved in purchasing, he accuses me of being racist and wont answer my question - "what is your affiliation to this unit?" Is this an unreasonable question? If he is affiliated or in the process of purchasing the unit, he should recuse himself from voting on any financial issues relating to the unit.