A condominium administrator is a person appointed by the court to manage the affairs of a condominium when the board is unable to properly manage the condominium in accordance with the requirements of the Condominium Act, 1998.
According to section 131 of the Act, a condominium, owner, or mortgagee of a unit can apply to the Superior Court for an order appointing an administrator. The Act states that 120 days must have passed since the turnover meeting, but there is a case where an administrator was appointed before the turnover meeting where the developer refused to call the turnover meeting.
Another case of alleged fraud and theft from Ontario condominiums was recently reported. According to the article, a property manager operating out of Burlington has been charged with defrauding 13 condominiums in Hamilton and Burlington. Police allege that he forged invoices, charged the condominiums for work not completed, and moved assets from the condominiums accounts to his own. The specific charges include defrauding the public, seven counts of fraud over $5,000, three counts of laundering proceeds of crime, 11 counts of uttering forged documents and two counts of possession of proceeds of crime.
More articles here, here, and here.