The respondent was a member of a condominium association board of directors. She was also the treasurer. After she was removed from her post, she allegedly created false documents, presented to a bank and withdrew $75,000 in association funds from the association’s bank account. The respondent then placed those funds with another bank, in the name of the association. The false documents were minutes of the Board of Directors which falsely stated that the Respondent had been elected the President of the Condominium Board. The ARDC did not bring a conversion allegation but did allege violations of Rule 8.4(a) and (c).
Again, these are allegations which have not been proven. They appear to be very serious allegations, however, and, if true, a lengthy suspension is warranted.