- Associated Press - Sunday, June 28, 2015

PORTLAND, Ore. (AP) - State authorities have ousted the owner of a large Clackamas property management firm and are hunting for thousands of dollars in missing rents and deposits.

The Oregonian reports (https://bit.ly/1IE2TK5 ) that regulators worry that losses from Cascade Community Management could be as high as several hundred thousand dollars.

The Oregon Real Estate Agency says clients who used Cascade to manage their 500 Portland-area rental units didn’t receive rental income in June.

The FBI has confirmed it is reviewing the matter.

The state’s report says that Cascade owner Cody Halsey told investigators that he fabricated bills, misused tenant security deposit funds and double-billed clients to make up for business setbacks.

The 36-year-old Halsey couldn’t be reached for comment and his attorney didn’t return telephone or email messages.

Halsey has been replaced by a court-appointed.


Information from: The Oregonian, https://www.oregonlive.com



Click to Read More

Click to Hide