MTCC No. 933 vs ICC et. al:
so many questions

There are many questions about this lawsuit between MTCC # 933 verse ICC, their property management company, and Massimo Musso, their previous property manager. I guess we will have to wait for the discovery process—if this lawsuit goes that far—to get the answers.

Here are the questions I wonder about:

1.	A quick check on the Internet shows that Mr. Musso's home in Oakville was on a power of sale in 2008. When the condo board was assigned a new manager, did they do any reference checks?

2.	MTCC # 933 had a set of rigorous financial controls put in place by a previous board. Did those controls fall to the wayside?
3.	At the last two AGMs, a few owners were raising questions about financial irregularities. Why did the board take so long to react?
4.	Why did an owner pay for a forensic audit of the corporation's finances?
5.	It appears that only a few owners are concerned about this. Is that so?
6.	If this lawsuit has merit, why did it take two full years to commence legal action?
7.	The board still has confidence in ICC since they continue to manage the corporation.
8.	Is there a split on the board of directors?
9.	Is Massimo Musso presently working as a manager for a different condo property management company?

Waiting for the ministry
The Globe and Mail article infers that if the Ministry of Government and Consumer Services had the promised condo property-manager licensing system up and running this alleged fraud would not have occurred.

I can't see how.

There are some serious unproven allegations that have been made but no one would, or should, lose their licence over that. There will have to be wrong doing that was proved either in court or at a tribunal and that hasn't happened.

It is possible that the parties may settle out of court. If so, the new condo manager licencing body would most likely not intervene.

A condo industry response
11 April 2016
ACMO Alert

Dear Member:
As you may be aware, an article alleging fraudulent behaviour committed by various condominium management companies, some of whom are members of ACMO, appeared in The Globe and Mail on Saturday. While we acknowledge that fraud is a very real concern in our industry—as it is in many industries—and take seriously any claims of fraudulent behaviour on the part of our members, it is important to note that ACMO is not currently conducting investigations against any of the members mentioned in the article, nor have any charges been laid against the companies.

We will be issuing a public response on behalf of our members and will provide updates as necessary.

If you have any questions or concerns, feel free to contact the ACMO office.

Sincerley,

ACMO Staff

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