Linda K. Risden ( Broker ) of Florida five Star Realty has amitted to Embezzling over $37, 000.00 from a Condo Assocation in Deerfield Beach Florida, but the Audit now shows the amount Embessled by Ms. Risden is closer to $87, 000.00 and still climbing. Ms Risden is facing several Felonies charges including opening over 6 credit cards in the Assocations name with out the Boards knowing, and charged another
$8000.00 in items for her self and her daughters home, to make matters worse she purchase an new Car with Fraud W/2s, what was the reason when asked...Because her other Car was repossed.
She hired her Daughter a Ms.Bridget Massey to act as the accouant to hide the the spendutres and had the credit card statements sent to her P.O Box so the assocation would not Know the Card excessed, since this happen Ms Risden has fled to Nothern Florida where is belived to be hiding.
Please dont let this happen to your home owners assocation or condo assocation, keep tieght over-site on your property managers and always require more than party to sign each check, Also if your assocation Has experenced something like this...you can recover your lost funds thru the ( Florida Real Estate Commission ) Special Real Estate Fund, set up for just this type of purpose.