LA COUNTY grand jury hands down 119-cournt indictment against four HOA board members. A decade-long saga of alleged fraud and manipulation has unfolded at the Ocean Towers Condo Complex in LA.
Residents of Ocean Towers, built in 1971 had long harbored suspicions about John Spahi's abuse of power within the HOA Board. Allegations included manipulating board elections, draining HOA accounts for personal legal battles and orchestrating inside deals with valuable real estate.
They have been indicted for charges, including grand theft, identity theft and money laundering.
The moral of the story is if you have a board member that other members are scared to speak up about. Don't hesitate to talk your manager about it. That's what where here for is to find a solution to the problem.
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