D.C. Property Managers Steal 1 Million Dollars

Posted on 11. Nov, 2011 by Bryan Ives in News

The FBI arrested the owners of a D.C property management company accused of defrauding an estimated million dollars from homeowners. The two suspects, Bryan Talbott and Chester Ranson were arrested Tuesday and will be facing a number of felony fraud charges including mortgage fraud, identity theft, bank fraud, and tax fraud. Apparently this is not the first time the two have run into trouble. In 2009 they continued to run their business after a cease and desist order issued by the District Department of Consumer and Regulatory Affairs. ABC7 reported back in May that Esquire Federal City Management, which also conducts business as Esquire, LLC and Private Properties, allegedly stole money from clients’ accounts. Many of the allegations come from people who live overseas and hired Esquire to manage their property in the D.C. area while out of town. Talbott and Ransom are currently being held in a federal facility out of state.

Source: http://www.wjla.com/articles/2011/11/property-managers-arrested-by-fbi-charged-with-fraud-68967.html

Tags: community, Law