Most managers are trustworthy. But . . .

A Toronto Superior Court judge has granted injunctions & freeze-orders against one or more condo managers / PMC and their assets on the basis of condo Directors' affidavits claiming theft of reserve funds.

The unproven claim was cited that " . . . The effect of doing so was to decrease the reserve account from $908,844 in January 2022 to a deficit of $45,600 in August 2023.

The board discovered the fraud when its bank, TD, called them about the deficit in the reserve account. . . .

. . . I am satisfied that the plaintiff has demonstrated a real risk that the Defendants will dissipate or dispose of assets either to another jurisdiction or to third parties.

XXX admitted to having a gambling addiction when confessing to her fraud. YYY had promised “to mortgage his house and return the monies to ( condo corporation ) but has not done so.

Unbeknownst to the Board, ( PMC's) license to act as property manager has been revoked. . . . "

https://canlii.ca/t/k1k7r