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Home to great folks, rich culture and beautiful views, Eldorado at Santa Fe is a community of 2650 homes situated at the foot of the Sangre de Cristo mountains, approximately 25 minutes from the Santa Fe Plaza.

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Recently HOAMCO discovered that one of its employees at the ECIA office was making unauthorized purchases on ECIA credit cards. HOAMCO dismissed the employee and is reimbursing the ECIA fully for all fraudulent charges. The ECIA, along with HOAMCO, is pressing felony criminal charges against the dismissed employee.

This is the first time for HOAMCO in over 27 years that this type of fraud has happened. They are reevaluating their procedures for processing credit card payments and will institute a corporate wide policy to prevent future occurrences at any of the HOA’s they manage.

We were unable to report on this until the ongoing investigation into the fraudulent charges was completed. The Santa Fe County Sheriff’s office wanted to make sure that their investigation would not be hindered by releasing the information to the community prematurely. We have now received the OK from the Detective to release this information.

Please know that every precaution is being taken to insure that this will not happen in the future and that the ECIA will be fully reimbursed by HOAMCO for any losses due to this incident. If you have any questions, please feel free to contact me.


David McDonald, President

ECIA Board of Directors


June 6, 2018