TEXAS – South Austin HOA suing former employees for misusing organization funds

KXAN.com:  South Austin HOA suing former employees for misusing organization funds
The lawsuit seeks damages ranging from $200,000 to $1 million.
By Yoojin Cho
February 15, 2018

AUSTIN (KXAN) — The Shady Hollow Neighborhood Association filed a lawsuit last week against two of its former employees. The lawsuit alleges that the former general manager used money from the HOA account to pay off his own credit card balance.

The president of the HOA Board told KXAN they first became aware of the problem at the end of December. They’re now working to determine exactly how much of the HOA money was used for the general manager’s personal purchases.

Michael Cain, the board president, said, “Merchants [now] have to cooperate with providing receipts and see if it was a valid purchase, not a valid purchase.”

According to the lawsuit, there were several charges for gift cards and items on Amazon.com on the general manager’s credit card.  Read more:

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