#51269
Bennifer
Flatchatter

    My strata plans funds were stolen by our previous strata manager (along with funds from many other strata plans that her company managed).

    After huge amounts of stress and an extended period of time (over 12 months) whilst an investigation/audit was carried out, we eventually received our ‘money back’ (from a government compensation fund) but we received nothing for all the time that we spent or on the cost of lodging the paperwork – we had to wear those additional costs.

    We were told that Fair Trading were keen to prosecute the offender but that it is a private matter and we will not be informed about what (if any) action is taken against her- even though it was our money that she stole!

    Given the level of fraud that she committed and the theft from multiple strata plans, it is absolutely ridiculous that any action taken against her is then kept secret. She should be prosecuted to the full extent of the law and it should be publicly available as a warning to other strata managers to behave responsibly and appropriately with the strata funds that they manage.

    The secrecy around the whole situation is absolutely ridiculous and given the large amounts of money involved in strata – there should be a much higher level of oversight and more stringent requirements for those who work in the industry.