Lawsuit accuses area property management company of embezzlement | Business Observer

Lawsuit accuses area property management company of embezzlement | Business Observer

NAPLES — A Naples regulation organization has filed a lawsuit in Collier County from a house administration business it alleges has taken cash belonging to just about 3 dozen property owner and condominium associations and kept the funds for its owner’s added benefits.

The organization, Hamilton Mikes, is suing on behalf of 34 associations that say American Home Administration Services LLC will not hand about the money entrusted to it and is refusing to turn above lender statements.

According to Florida’s Division of Organizations AMPS is owned and operate by Orlando Miserandino Ortiz.

Jason Hamilton Mikes, managing associate at the organization Hamilton Mikes, says in an electronic mail to the Company Observer that due to the fact the associations do not have access to the cash in the accounts or documents, it is not doable to know the entire extent of the harm.

“However, we filed affidavits with the criticism that evidence Orlando Miserandino Ortiz embezzled approximately $2 million in insurance settlement proceeds from just two associations and we have began uncovering supplemental proof that just about every of…the plaintiffs are missing hundreds of 1000’s of bucks every single from their reserve and working accounts,” he writes.

“Multiply all those losses instances 34 and we are hunting at likely damages in the 10(s) of millions of pounds.”

A cellphone selection outlined on APMS’ web-site would not get phone calls Friday, Jan. 21. The organization also did not respond to an e-mail and Fb concept in search of remark. No lawyer is outlined for APMS in courtroom documents.

The lawsuit promises APMS was contracted by the associations to deliver management providers. A section of those obligations was getting a steward to funds  entrusted to it. Alternatively, in accordance to the lawsuit, the administration business opened accounts at Wells Fargo Financial institution, which is also named in the lawsuit, and is refusing to give the associations obtain.

“The associations have motive to consider that the administration business set up these accounts in this manner to conceal accounting transactions and/or transform some or all of these resources which are or were in the accounts,” the match reads.

Recurring attempts to get Wells Fargo to provide obtain to the accounts or to offer details on transactions have been rebuffed, according to the lawsuit. The lawsuit statements the reason for this is the only man or woman licensed on the accounts is Miserandino Ortiz.

Wells Fargo’s legal professional in the case did not react to a request for remark.

When the association has copies of the lender information, Hamilton Mikes suggests, the lawsuit will be amended to consist of much more charges — breach of contract, unjust enrichment, fraud and misrepresentation.

In a press launch asserting the lawsuit, Hamilton Mikes says APMS and its entrepreneurs are underneath investigation by the U.S. Solution Assistance and other federal authorities. The Solution Service’s Fort Myers industry workplace would not affirm the investigation.

Maria Flores

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