The Miami Herald has reported a sorry story of fraud by Lourdes Rodriguez, 48, the former general manager of the Atlantic II.
She’s been charged with grand theft and organized fraud by Aventura police who have accused him of taking nearly $500,000 from the condo association.
In February 2010 auditors alerted the association that Rodriguez had been receiving a salary higher than approved which led to a specialist accounting firm analyzing the condominium association’s account. They discovered about $506,956 taken from the association between January 2007 to February 2010.
Rodriguez blamed her actions on a gambling addiction in an e-mail to residents and vowed to repay the association 'no matter how long it may take.'
The association has recouped about $400,000 from its insurance company.
It’s a real concern for all strata corporations since it’s so easy for dishonest people to access money and only careful financial controls (including regular detailed audits and checking) can discover and deal with it.
Francesco …
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