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Minimizing the Risks of Fraud & Crime

Babak Ardalan, RCM
Publication date:
Article Summary: 

This article by Babak Ardalan provides insights and strategies for minimizing the risks of fraud and crime within condominium communities. The author draws on the expertise of various industry professionals to address different aspects of the issue. The article discusses the various forms of fraud and crime that can occur in condominiums, including vendor kickbacks, drug activities, improper bidding practices, and more. It highlights the importance of oversight, reviews, and audits to prevent criminal activity and emphasizes that lack of proper security measures and oversight can make condominiums attractive targets for criminals. The article also suggests ways to enhance security and vigilance, such as conducting security audits, involving the community, educating residents about safety measures, and promptly reviewing financial documents. It concludes by encouraging property managers and condominium management companies to adopt comprehensive and ongoing plans to safeguard against fraud and crime.


Fraud, Crime, Condominium community, Risk minimization, Security measures, Vigilance, Oversight, Audits, Preventive maintenance, Vendor kickbacks, Safety measures, Community involvement, Security audits, Financial documents, Education.

Source Citation: 
Babak Ardalan, RCM
Minimizing the Risks of Fraud & Crime
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