A full chapter on corruption in condo and home owner associations. There is a full chapter on Manzoor Khan and Channel Property Management; to date Canada's biggest known case of condominium fraud.
Why is condo corruption so common? The answer in a nutshell? It's so easy for directors, managers and contractors to rip off condo corporations.
How do the crooks get caught? Most often a new director is elected on the board and that person spots it or a suspicious owner starts asking questions.
It appears to be rare for the auditor to bring anything to the owners' attention although if the board's books are in bad shape, they will resign.
On the take
Corruption—third biggest cause of insurance claims
Common methods used in condo fraud
Perks or fraud
Get out of jail free card