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Real Estate FL

South Beach condo association manager, maintenance worker arrested in kickback scheme

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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.

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