- Associated Press - Thursday, February 18, 2016

EUGENE, Ore. (AP) - A former Eugene property manager is facing federal charges over claims that he cheated his victims out of more than $3.5 million.

The Register-Guard reports (http://goo.gl/ZPAVIn ) that the complaint filed in U.S. District Court charges Terry Shockley with two counts of wire fraud. His attorney, Jessica May, said Wednesday that her client plans to admit to the crimes.

Shockley managed rental properties in Eugene for several years up until he surrendered his real estate license in 2015 while under investigation. Federal prosecutor Nancy Olson says Shockley misused his clients’ money, which should have been paid to the property owners, up until December 2012.

Shockley’s business, TS Property Management Inc., was shut down by a court order in February 2015 due to cash shortages in the company’s trust accounts.

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Information from: The Register-Guard, http://www.registerguard.com

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