Money missing from Murfreesboro neighborhood HOA fees - KSLA News 12 Shreveport, Louisiana News Weather & Sports

Money missing from Murfreesboro neighborhood HOA fees

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MURFREESBORO, TN (WSMV) -

Money meant for the upkeep of a Murfreesboro neighborhood is now missing, and police have a lot of questions for the woman who was supposed to be keeping track of it all.

"I'm almost speechless. It's unbelievable to me," said neighbor Christin Barrett. "I'm appalled and disgusted by it."

Neighbors in the Villages of Garrison Cove subdivision trusted a property management company to keep things running smoothly, but the manager at the company is accused of keeping thousands of dollars for herself.

The HOA Board has since hired a new management company, PSMT, who helped discover the discrepancy.

It was after an insurance claim on a roof that more than $21,000 was discovered to have been misused between September and December 2013.

"More than $21,000 this woman has been accused of taking when people work so hard in paying their taxes, to pay everything, to pay for their mortgage. I'm shocked it went on so long," Barrett said.

Police said they are in the early stages of the investigation and there are a lot of financial documents they have to comb through.

Even though they have been provided a name of a possible suspect, no arrest has been made.

"It violates people's trust. It violates their trust that their money is being appropriately spent for the betterment of their neighborhood," said Murfreesboro police spokesman Sgt. Kyle Evans.

There are about 130 homes in the subdivision, and home owners pay nearly $500 a year each.

Barrett just wants to know where the money went and when there will be an arrest.

"How long is it going to take?" Barrett said. "This is my money and everyone's money in this neighborhood, unfortunately, that she just took and went shopping with, or did whatever she wanted it with, and she should be accountable for it."

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