Kaman said the news that Kathleen DeSalvo was charged resulted in mixed emotions in several of the associations' board members. "While gratified to see progress in the criminal investigation, the one charge of mail fraud against Kathleen DeSalvo pales in comparison to the devastation and breech of trust that this theft has caused within many condominium and homeowners associations," he said.

Condo management accused of embezzling

The management firm of a local condominium association is the subject of an FBI investigation for allegedly embezzling several million dollars from bank accounts of the 50 properties it managed.

Condo company sued
By: Jason Lea

A Willoughby-based condominium management company and its owners are being sued by 11 of the homeowners associations it managed.
MultiVest Management Inc., with headquarters at 4212 Chillicothe Road, Suite 100, and its owners - husband and wife James G., 62, and Kathleen DeSalvo, 51, of 7673 Crimson Court in Mentor - is being sued on claims of fraud, unjust enrichment, breach of contract and negligence.
The suit was filed by David W. Kaman of Kaman and Cusimano law offices in Cleveland.
 

Missing Money Angers Thousand of Condo Owners

Thousands of local condo owners are angry and want answers. They paid thousands in fees and their money is gone. (video)