Embezzlement Through Debit Cards

A North Carolina homeowners association recently discovered it is not immune from theft despite its efforts to minimize the risk of embezzlement.  The Parkwood Homeowners Association lost between $150,000 and $200,000 over a 2 ½ year period when it discovered its office administrator was using debit cards linked to the Association’s checking account to pay for gambling trips to Las Vegas, gambling websites, medical bills, shopping, gas, and the like.  Read our full blog post.