Storm clouds gathering over King Farm after $100K goes missing |
The King Farm Citizens Assembly has posted a statement on its website to declare it will not comment publicly until the investigation is complete. It states that the Assembly learned of the missing funds in August, but does not mention who was responsible. Contrary to the NBC Washington report, the Assembly denies that it is under investigation, but rather cooperating with police in an investigation.
"Since the investigation is ongoing," the statement concludes, "the Assembly, on advice of the above authorities, is not at liberty to say more at this time."
I'm totally certain King Farm carries D&O and Employee Dishonesty insurance policies. $100,000 is a lot of money but it's a fractional amount of the HOA's budget.
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