TEXAS – HOA theft victims ‘We’ve been kept in the dark for years’

7 on your side: HOA theft victims ‘We’ve been kept in the dark for years’
By Julia Jenae’
September 30, 2015
WINNSBORO, TX (KLTV) –  An East Texas community says thousands were embezzled from their homeowners association account after years of not being shown financial records.

Last Thursday, authorities arrested Letha Anna Thomas for theft of approximately $30,000 that was reported as stolen from the Big Wood Springs Homeowners Association (HOA) bank account.   Thomas served as the treasurer for the HOA.

Residents in this Winnsboro lake community of about 85 homes say the missing funds and arrest left them blindsided.

“We’ve been kept in the dark for three years,” says Susan Humphreys who has been serving as the new treasurer for the past few weeks. “Now, it’s all about building trust again.”

Susan and her husband Sam Humphreys say for over a year they asked to see bank statements showing exactly where their monthly home owners association dues were going.  After being given excuses, Sam says a special HOA meeting was called.

“The [former] HOA president tells us that [Thomas] had resigned and all of the money is gone, we are broke,” Sam says. “It made me feel kind of sick and really misled.”  Read more:

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