SIOUX FALLS, SD (KELO.com) — An apparent million dollar property management theft has state, local and federal officials investigating what went wrong. J-L Property management of Sioux Falls had over a thousand units under their watch. Commercial Real Estate broker Ron Nelson says the State Real Estate Commission, Sioux Falls Police, and even the FBI are looking for one of the partners – Josh Otterback.
The funds turned up missing at a bad time, with real estate taxes due Thursday. Nelson says HOA accounts of 100-thousand dollars plus were cleaned out, along with security deposit accounts.
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