Foreclosed by hoa for pizza lunch to discuss embezzlement concerns!
Lakeside Plazas former board president, Frank Perau embezzled homeowner association (HOA) funds -possibly around $1 MILLION - resulting in probably another $1-$2 MILLION in foreclosures and other damages.
Washoe County District Attorney # 406539, Reno Police Department # 08-031672
Prior to police investigation, homeowners wanted to call a meeting at the Lakeside Plaza Clubhouse to discuss issues of missing money and extortionate special assessments. However, the property management company, Eugene Burger Management Corporation (EBMC) refused homeowners access to the Clubhouse - a common area for which homeowner paid dues.
Upon refused access to the Clubhouse, homeowners then decided to hold the meeting at the pool to discuss concerns of embezzlement.
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