Skip to content

Narrow screen resolution Wide screen resolution Auto adjust screen size Increase font size Decrease font size Default font size default color brick color green color
SLOW BLEED embezzlement discovered by strata Treasurer's successor - Fraser Valley B.C. 2020/12/03 18:58  
Not legal advice as usual.

CHOA Executive Director Tony Gioventu's column in the Province responds to an alert from the Acting Treasurer of a Fraser Valley self-managed strata corporation.

Has she discovered a slow-bleed type embezzlement by the former Treasurer now sold & moved out of B.C. ?

Subtitle : 'I discovered a payable over the previous five years — from 2013 to 2018 — for a company that does not exist. The amounts appear to be routine and nominal; however, when totalled over the five years, the amount is over $100,000.'

The questioner laments years of dubious past over-sight & urges other strata ( condo & Building Schemes ) to avoid the same outcomes . . .

A worthwhile read : Tony Gioventu suggests counter-measures & laments tendency to curtain such loss in self-managed environments ( if this was genuinely a fraud ).

Dec 3/20 The Province ( Q & A at "Condo Smarts" column of Tony Gioventu Exec Dir CHOA - BC ) “Council should take steps to reduce potential for fraud”
  The administrator has disabled public write access.
contact webmaster