Florida’s Tallahassee Police Department arrested the owners of a property management company for the alleged misuse of business funds.
Last October, the police received complaints on how CORE Property Management was handling a client’s property portfolio. Detectives began an investigation and obtained banking records that showed evidence of the commingling of the client’s property portfolio funds and CORE’s Property Management operating account, along with multiple transactions from the company’s operating account that investigators determined were used for personal expenses. Some of these expenditures included personal travel, cruises, gambling, beauty services, dining, entertainment, and other non-business-related purchases.
Timothy and Miranda Ard, the owners of CORE Property Management, were both arrested and charged with organized scheme to defund over $50,000 and grand theft.
“This case underscores our commitment to protecting individuals and businesses from financial crimes,” said Tallahassee Police Chief Lawrence Revell. “Fraud and financial exploitation can have a significant impact on victims and our entire community. Our detectives will continue working diligently to hold those responsible accountable.”
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