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12-298 Pinellas Detectives Arrest Individual For Stealing Over $560,000 From Local Condominium Associations

Who:
Pinellas County Sheriff’s Office
- Economic Crimes Unit

Arrested:
Roberto Martin Velez – 10/17/67
12978 89th Ave N
Seminole, FL

Charge:
Grand Theft – 1st degree felony

Victims:
1. La Contessa Condo – 16326 Gulf Blvd. Redington Beach

2. Las Brisas of Madeira Beach – 14710 Gulf Blvd. Madeira Beach

3. Royal Orleans – 16333 Gulf Blvd. Redington Beach

4. Palms of Treasure Island – 10315 Gulf Blvd. Treasure Island

5. Madeira Bay Resort – 13235 Gulf Blvd. Madeira Beach

6. Madeira Bay Town Homes – 118 1st Ave E. Madeira Beach

7. Gulf Strand – 4510 Gulf Blvd. St. Pete Beach

8. Madeira Bay Resort II – 13235 Gulf Blvd. Madeira Beach

9. Johns Pass Village – 12901 Gulf Blvd. Madeira Beach

10. Total Realty Services – 13030 Gulf Blvd. Madeira Beach

What:  Working as a CFO for Total Realty Services (TRS), suspect Roberto Velez had been embezzling money from various condominium associations and his employer (TRS) for the last three and a half years.

The total sum of stolen money is in excess of $560,000.

Where:  Total Realty Services
13030 Gulf Blvd. Madeira Beach

When:  It is believed that Velez had been stealing funds from the listed victims over the last three and a half years.

How/Why:  

Detectives with the Pinellas County Sheriff’s Office Economic Crimes Unit have arrested Roberto Velez this morning for stealing over $560,000 from local condominium associations and his employer (TRS).

After initially being informed of the criminal actions, detectives combed through vast amounts of bank accounts and other incriminating documents to discover Velez had been stealing money while employed as CFO at Total Realty Services (TRS) over the past several years.

TRS handles various condominium association’s funds to pay for condominium association management, sales of condos, annual or long term lease of units and seasonal or vacation rentals.

As CFO, Velez would transfer money from the condominium association’s accounts into TRS accounts.  Once the funds were with TRS, Velez would disburse funds to himself through either checks written to himself or make electronic payments, known as ACH transactions, to his personal accounts. 

In all, Velez had embezzled over $560,000 from TRS and the listed condominium associations.

The investigation continues.

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