Treasurer accused of stealing HOA funds

Tue, 12/16/2008 - 4:59pm
By: John Munford

A Peachtree City man has been charged with 16 counts of fiduciary theft for writing $29,000 in checks from his homeowner’s association to himself and two of his companies.

Neither of John Allen Koval’s companies appeared to have done any business with the Smokerise Plantation Homeowner’s Association, said Capt. Rosanna Dove of the Peachtree City Police Department.

The 16 checks ranged in denominations from $79 to about $7,000, Dove said. Koval, 45, of Smokerise Trace, turned himself into the Fayette County Jail Nov. 23, police said.

Koval has since been removed as treasurer of the association. In a letter to Smokerise homeowners there was reference to a “repeated” interruption of services such as water and electric utilities.

There was also mention in that letter of cash deposits being made into the association’s accounts even at times of the year when the association was not collecting any funds.

The criminal investigation began when the president of the homeowner’s association was notified by a lawn care service that the association’s bill was three months overdue, police said.

It turned out that the association’s bank account, which was supposed to have about $10,000 only had $370, police said.

Other than those written to Koval himself, the other checks were written to his companies called Baldwin Tays and Specialty Equity Partners, police said. Both businesses are registered to a post office box in Tyrone, according to filings with the Georgia Secretary of State’s office.

The checks that have been called into question were written in the past year or so, police said. The first report filed on the matter was recorded Oct. 28, police said.

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suggarfoot's picture
Submitted by suggarfoot on Wed, 12/17/2008 - 7:27pm.

so many times homeowners board members are paying themselves salaries for what they do. You never know how much because they conceal it under other cost. A member of our homeowners board was being paid around $6,000.00 a year to manage our iddy bitty pool. Grown ups nor teens go in it cause it is so small and it is only open about 3 months a year. I have often wondered how much the rest on the board pay themselves as it is the same ones, year after year after year.


Submitted by Chuck850 on Wed, 12/17/2008 - 12:38pm.

someone with a $900,000+ homestead would consider putting it and more at risk for $29k...

Knowitall's picture
Submitted by Knowitall on Wed, 12/17/2008 - 6:37am.

Not to mention, there is some sort of problem with their Christmas lights this year........

Knowledge is the key to success


sniffles5's picture
Submitted by sniffles5 on Wed, 12/17/2008 - 12:33pm.

I just heard about that gang and that drive-by attack on that woman last night!

Good thing the "Smokerise Crips" are all older white women...if they were younger black males, District Attorney Ballard would be throwing the book at them to "teach them a lesson"!


Submitted by Davids mom on Wed, 12/17/2008 - 12:43pm.

LOL at your analogy!!

Fred Garvin's picture
Submitted by Fred Garvin on Wed, 12/17/2008 - 1:10pm.

diva's picture
Submitted by diva on Fri, 12/19/2008 - 9:45am.

In the words of "The Cable Guy"....

"I don't care who ya are. That's funny right there!"

Laughing out loud

Now see if you can get a Koval mugshot or one of these criminal clowns:


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