South Beach condo association manager, maintenance worker arrested in kickback scheme
Two South Beach condo association employees were arrested over a kickback scheme that partly hinged on 40-year recertification work for the aging building, according to prosecutors. Euclid East Condominium’s property manager Francisco Obispo, 38, was charged with one count of organized scheme to defraud and 18 counts of receiving a kickback. A maintenance worker, Jose Luis Hernandez-Aguiar, 52, was charged with one count of organized scheme to defraud. The six-story, 57-unit building at 1545 Euclid Avenue was built in 1967. A Miami-Dade State Attorney’s investigator started poking around in June, after a former board member pointed out financial discrepancies, including […]This article originally appeared on The Real Deal. Click here to read the full story.
Recent Posts

Hollywood clears path for beachfront towers amid resident pushback

Foreclosure looms for Brookfield’s Pembroke Lakes Mall after alleged $260M loan default

David Martin, partners score $507M loan for South Beach condo tower

Real estate donations overwhelmingly back Byron Donalds over David Jolly in race for Florida governor

Steve Ross, Jeffrey Soffer’s Miami airport hotel project grounded by FAA

Average long-term mortgage rate rises 7th week in a row

Florida Realtors disaster fund ready to help

New appraisal reporting format calls for early preparation

After $21M assessment uproar, Brickell association says contractor overbilled, left work undone

Denmark accuses Palm Beach resident of shielding assets in waterfront home

