Q: We recently discovered that our condominium association bank account was carrying a negative balance. After doing some research on the account it was discovered that the board President withdrew all the funds on the account for personal use.

We are not sure what to do next aside from voting the President off the board. What should be the next steps?

A: Board members stealing funds from their condo associations is an unfortunate reality. There are also many cases of management companies embezzling association funds. Here are a few steps to take if you discover that your association has been the victim of theft: 

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