Co-op/Condo News: A Manager Pleads Guilty, Defaults, Condo Evictions, More
New York, NY, Sept. 20, 2010 — Recent news for co-op boards and condo associations.
There's fraud in Cape Cod — and in Florida, and in New York, that last of which involves a co-op / condo manager who skimmed the till to do what? Play Lotto! Hey, we wonder if he would have shared any winnings with his shareholders / unit-owners? Elsewhere, co-op owners in Queens fight a cell-antenna deal, we've tales from the co-op board approval arena, Stuyvesant Town may be turning co-op — really? Co-op? Not condo? — and before we adjourn we want to announce Judge Judy (at left) has sold her co-op penthouse. Plus: See how condo boards around the country this week deal with taxes, fraud and untrained board members.
Read all the latest co-op board and condo board news in Habitat's weekly Monday News Roundup! Also included: Permanent archival links. If a link ever goes dead, you'll still be able to read the backup at WebCitation.org.
- "Manhattan Man Pleads Guilty to Stealing [from co-ops and condos he managed] to Feed His Lottery Habit", by David K. Li (New York Post)
- "Ask an Expert: Does the co-op board need to approve my roommate?" by Teri Karush Rogers (BrickUnderground.com)
- "Co-op Owners Upset at Cell Antenna Deal" at Forest Park Cooperative, by Bryan Yurcan (Queens Chronicle)
- "Court Rules State Law Does Not Protect Manhattan House [Condominium] Tenants from Eviction" by David Jones (TheRealDeal.com)
- "My Big Fat Board Interview: My natural reaction was, 'Attack!' But I let it slide." by Liz Yank (BrickUnderground.com)
- "NYC Residential Defaults Surge after Six Months of Decline" by Sarabeth Sanders (TheRealDeal.com)
Buying and Selling...
- "Dual Agency Disclosure Law Has Been Revised" by Ronald H. Gitter (CoopAndCondo.com)
- "Stuyvesant Town Tenants Are Offered Co-op Plan" by Charles V. Bagli (The New York Times) and "Manhattan Co-op Veteran Plans Bid for Stuyvesant Town" by Oshrat Carmiel (Bloomberg.com)
- "In Deed! Judge Judy's Verdict on Sutton Place Penthouse" by Laura Kusisto (The New York Observer)
Board Issues from Around the Country...
- "Ex-Condo Office Manager Faces Fraud Charges" by Sarah Shemkus (Capt Cod Times)
- "Former Largo Woman Gets Eight Years in $1 Million Embezzlement Scheme" targeting homeowner associations, by Lorri Helfand (St. Petersburg Times, Florida)
- "Tripling of Property Taxes Just the Start of a Suburban Condo Nightmare" by Kimberly Pohl (Daily Herald, Arlington, Ill.)
- "Better Training of Board Members Bolsters [Condominium] Association" by Pamela Dittmer McKuen (Chicago Tribune)
WebCitation archives:
"Pleads Guilty" • "Expert" • "Cell Antenna" • "Court Rules" • "UWS" • "Big Fat" • "Defaults" • "Dual Agency" • "Stuyvesant Town" • "Co-op Veteran" • "Judge Judy" • "Fraud Charges" • "Largo" • "Tripling" • "Better Training"