COLORADO – Keystone HOA’s financial admin charged with embezzlement

Summit Daily:  Keystone HOA’s financial admin charged with embezzlement
By Ben Trollinger
December 5, 2014

Robert Dwight Polich, 62, the longtime financial administrator for a Keystone homeowners association, was arrested on Dec. 2 and charged with embezzling about $160,000 from the HOA.

Polich, who declined to comment on the charges, served as the Enclave Homeowners Association’s financial manager since 1986, when the neighborhood was founded.

According to the arrest affidavit, the trust Polich built up over decades was destroyed when an external audit last month revealed that $160,000 in Treasury bills was missing from the HOA’s surplus funds.

The association pays for an external audit every year, but this was the first year the missing funds were detected. Polich appears to have doctored the annual budgets to show the $160,000 in the association’s accounts.

Upon learning that the auditors had uncovered the discrepancy, Polich reached out to meet with members of the association board, the arrest affidavit says. Because most of the Enclave’s property owners live in Summit County on a part-time basis, only two members of the board were able to meet in person; one of them was Meredith Van Dyne.

According to the arrest affidavit, the trust Polich built up over decades was destroyed when an external audit last month revealed that $160,000 in Treasury bills was missing from the HOA’s surplus funds.  Read more:

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