MTCC #710 losses

How much did the owners of the corporation lose due to the fraud that occured during the time when Channel Property Management managed MTCC #710? No one can be certain.

This is a very rough estimate:

$1,300,000		This is how much was proven stolen in court.
1,000,000		Special assessment to make up for the stolen money.
105,000		Court costs that Khan will never pay.
unknown		How much did was pocketed from the $350,000 paid for the carpets?
unknown		How much was skimmed from the normal maintenance contracts?
unknown		Was there any commissions or fees pocketed for arranging the two loans, the natural gas and sub-metering contracts?

From what was discovered at PCC #143, Manzoor Khan was very skilled at finding ways to fill his pockets at the owners' expense.

Personal losses
There were owners who went bankrupt due to the huge increases in fees and some lost their homes. Who can put a price on the suffering those people went through?

Did he work alone?
There is no proof that anyone else profited from the stealing that occurred at the corporation so unless Manzoor Khan exposes all, there is no way for the owners to know for sure who assisted him and to what extent.

Yet, unlike the completely fake loan by-laws that resulted in the $20 million scandal where is is likely Kahn worked alone, it seems impossible that Manzoor managed to cheat this condo for so much, in so many different ways, without others knowing what was going on.

Who was responsible?
Manzoor Khan and Channel that is for sure. But not him alone; the directors were also responsible.

Manzoor was right when he told the board that the person who signed the cheques was responsible for the expenditures in that they should have taken reasonable steps to know the backgrounds and reputations of the companies they were signing contracts with.

Obviously that was not done.

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