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.