GRAND JUNCTION, Colo.

Update: Bray Property Management not victimized in recent HOA scandal but helped clean up afterwards

Grand Junction woman, Debra Campbell, is facing 37 months in prison and ordered to pay restitution fees of $410,889 for wire fraud and filing false tax returns by the United States Attorney’s office for the District of Colorado. At age 66, Debra will be behind bars until 2025 and will be on supervised release for another 3 years.

U.S. District Court Judge Christine M. Arguello levied the hefty sentence on November 8, 2022.

Campbell opened and operated A Better Alternative Management (ABAM) in 2009, and began managing finances for homeowners associations (HOAs). By 2015, Campbell realized some of the HOA boards didn’t monitor their HOA’s bank accounts and finances. Campbell began siphoning funds from these select bank accounts for personal expenses. Campbell covered her tracks by altering the HOAs’ bank statements to reflect a higher balance than actually existed to conceal her scheme.

By April 2018, Campbell had stolen more than $250,000 from her clients, but she didn’t stop there.

Campbell double-dipped by failing to report the income gained on her 2014-2017 tax returns, resulting in a tax loss of more than $150,000 to the federal government.

Andy Tsui, Special Agent in Charge, IRS-CI Denver Field Office said, “This sentencing should serve as a reminder to small businesses and HOAs about the importance of having financial safeguards in place to avoid becoming a victim of fraud.”

Click here to read the full press release by the United States Attorney’s Office District of Colorado.