Property Management Company Charged with Embezzlement
Source: Santa Barbara County District Attorney
Santa Barbara County District Attorney Joyce E. Dudley announced today that a felony complaint was filed against Adam Michael Pirozzi, 40, of Santa Barbara.
The suspect is charged in a six-count felony complaint alleging embezzlement, in violation of Penal Code Section 506, elder abuse, in violation of Penal Code Section 368(d), and money laundering, in violation of Penal Code Section 186.10. Additionally, the Aggravated White Collar Crime Enhancement, pursuant to Penal Code section 186.11 is charged, stating that the alleged felony conduct in this case amounted to a taking of more than $500,000.
The investigation stems from the suspect’s operation of a local property management company called AMP Core, Inc., which went by several fictitious business names including Santa Barbara Property Management and Harbor View Real Estate. Mr. Pirozzi’s property management company had approximately 100 clients, and the complaint alleges that he embezzled nearly $700,000 from those clients. The investigation is ongoing. Anyone with information can contact District Attorney Investigator Kristin Shamordola at 805-560-1044.
Mr. Pirozzi is scheduled to be arraigned on the charges on August 26, 2021, at 8:30 a.m. in Department 8 of the Santa Barbara Superior Court.