FLORIDA – Woman charged with defrauding BOCA HOA of $82,000

The Palm Beach Post:  Woman charged with defrauding BOCA HOA of $82,000

By Mike Diamond

November 13, 2019

PBSO says Korinne Modica, 34, funneled tens of thousands from the HOA’s account and used the money for shopping, dining, travel and other personal spending.

A Lake Worth Beach woman is facing criminal charges for allegedly stealing $82,000 from the Knightsbridge of Polo Club Homeowner’s Association.

Korinne Modica, 34, is alleged to have defrauded the HOA from Sept. 1, 2017, through Feb. 28, 2018, by transferring funds out of the Knightsbridge HOA account into an account controlled by the Boca Raton-based Trex Management company that employed her as its executive assistant. Kenneth Modica, the owner of Trex, is Korinne’s father.

Knightsbridge, which is a community in the Polo Club in Boca Raton, consists of 80 homeowners. Its president, Brent Barash, grew suspicious when $1,000 quarterly checks from homeowners went missing in late 2017. He told investigators he was unsuccessful in his efforts to obtain a detailed accounting of the funds from Trex and its owner. The HOA obtained a $107,300 judgment against Trex and Kenneth Modica on Oct. 24, 2018. The judgment has never been paid.  Read more:

https://www.palmbeachpost.com/news/20191113/woman-charged-with-defrauding-boca-hoa-of-82000

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