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Garner Police Investigate HOA Fraud

The Garner Police Department has identified twenty-nine (29) HOA's impacted by a potential fraud involving Kornerstone Management.

Post Date:08/17/2016 11:57 AM

On August 9, 2016 the Garner Police Department began receiving reports from area home owner associations  about possible fraudulent activity with their HOA bank accounts.  At this point in the investigation, the Garner Police Department has identified twenty-nine (29) HOA's impacted by a potential fraud involving Kornerstone Management.  

As part of their investigation, police executed two search warrants on August 11th, one at Kornerstone Management, 1300 Benson Road Suite 102 and the other at #1 Seven Oaks Drive in Clayton.  Investigators seized boxes of records from both locations believed to be related to their investigation.    Police investigators are currently working with the Wake County District Attorney's office as well as the North Carolina State Bureau of Investigations' Financial Crimes Unit to go through the large amount of evidence seized.  

Garner Police are planning an informational meeting on September 8th at 6:30pm at the Garner Police Department, 912 7th Avenue.  Investigators are asking for no more that two representatives from the HOA's affected by this crime to represent them at this meeting.  Police plan to give residents an update in their investigation as well as answer any questions they can.  

Anyone who believes they are a victim in this incident and have not reported it yet to the police, please contact Lt. Lorie Smith at 919.772.8810.    

 

 

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