Certified Hawaii is one of the largest real estate management companies in Hawaii and handles the accounts of over 500 condominiums and townhouses in the islands. Over the last 16 years, Toni Floerke has been the company’s Principal Broker and notary, and was named CEO in 2007. Floerke has been fired by parent company Associa, based out of Dallas, Texas, for allegiedly stealing between $50,000 to $100,000 from the owners association of three Oahu townhouses.
According to Carol Piering, a spokewsoman for Associa, Floerke “misappropriated the funds by taking them from boards and Certified Hawaii and directly placed them elsewhere.” Piering added, “I can’t stress enough how disappointed and upsetting it is that you put your trust in a leader and it’s too bad a dishonest person has to make our homeowners, board members, clients and employees question our integrity.” It should be noted that no crimial charges have been filed against Floerke as of yet, but Piering stated that Associa may decide to do so at a later date.
Senior Vice President of Associa, Joey Carona, stated, that the theft occured over the last two years, but was only discovered about two weeks ago. Carona stated, “We quickly began an internal investigation to learn the scope of the problem. When presented with the significant evidence that we quickly uncovered, she (Floerke) readily admitted her actions, whereupon she was immediately terminated. We will be taking appropriate action against this former employee.”
Certified Hawaii currently has 142 employees, and Carol Piering stated that there will be a reaudit of all of the accounts to make sure that everything is in order. Those associations which have had money stolen from them will be repaid. Piering concluded, “When something like this type of misappropriation happens, we have zero tolerance. We are extremely apologetic about it. It is absolutely not how we do business.”
Source: Honolulu Star Advertiser, 3-27-2012, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
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