Former HOA treasurer accused of embezzling $200,000

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OKLAHOMA – Residents in the Summit Place neighborhood near N.W. 122nd and Rockwell pay $286 a year for their homeowner’s dues.

That money is supposed to go towards things like maintaining their pool and volleyball court, the greenbelts in the neighborhood and other infrastructure.

But, some board members said that money was going to line the pockets of the former treasurer.

“The reason nothing was maintained and nothing’s been done is because we’re supporting his vacations and whatever he’s spending the money on,” said Dennis Stamper.

Stamper is a current board member for the Summit Place homeowner’s association.

He said, when he joined the board a couple years ago, he could tell something was wrong.

But, he said many of the longtime board members did not want anything reported.

“We just told them we don’t need your permission to file a police report and we’re not going to be involved in a cover up,” Stamper said.

An audit has uncovered dozens of checks cashed since 2008 written by the treasurer, signed by the treasurer, endorsed by the treasurer and deposited into his personal account.

One check was for $17,800.

Board members said he also cleaned out a CD account that had more than $44,000 in it.

And, the last year he filed taxes for the association was in 2006.

He marked it as the organization’s final return.

“It’s almost unanimous other than a few board members that are voting against us that he go to jail,” Stamper said.

Stamper and two other board members took it upon themselves to write letters and send them to approximately 550 homeowners in Summit Place letting them know what’s going on.

Judy Beckett is grateful they did.

“The checks and balances evidently just fell by the wayside,” Beckett said. “I was shocked at the $200,000 amount, which they’re not even sure that’s the limit.”

A police report was filed in July, but so far no charges have been filed.

Oklahoma City police tell us they are still investigating.

The HOA has a board meeting at 7 p.m. Tuesday at Francis Tuttle.

They are expecting a large turnout.

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