My Homeowners Association board were arrested over $2million stolen from residents after 300% fee hike passed in secret

August 06, 2023

BOARD members from Florida's largest homeowners association allegedly stole $2million from residents, according to the Miami-Dade State Attorney’s Office. “Racketeering and money laundering are terms we usually associate with drug cartels,” Miami-Dade State Attorney Katherine Fernandez Rundle said in November 2022 when the board members were arrested. Rundle added: “Never would anyone have connected such serious criminal allegations to one of the largest homeowner associations in Florida." Ten months prior to being charged with stealing millions, the HOA board held a secret budget meeting and then implemented a 300 to 400 percent increase in monthly maintenance fees, according to the Miami Herald. Last April an election was held for seven new board members.