Property Management Company Charged with Embezzlement

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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.

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Always_Running Jul 15, 2021 06:51 PM
Property Management Company Charged with Embezzlement

I think he’s skimming off the top and overcharging, fake invoices, etc to the owner. Not the tenants, but the article isn’t clear. All I know is you’ll be getting a new management company or the owner themselves.

Andrea Smith Jul 16, 2021 12:15 PM
Property Management Company Charged with Embezzlement

How is Pirozzi anything like Ponzi? Americans, unless a name is Joe or Jen they can't spell or understand how to spell or pronounce it. I hope you aren't insinuating that his last name says anything about his character, that would be discrimination.

Zeke Jul 16, 2021 07:29 AM
Property Management Company Charged with Embezzlement

Would like to remind folks of the old cliché innocent until proven guilty. There is likely much more to this story than what is being told here. Regardless of innocence or guilt, I know this person to be a good man who has a family as well as kids old enough to read this. Adam is a good person with strong ties to this community. So before these comments get out control, maybe we could reserve judgement until we know more.

lil b Jul 16, 2021 07:56 AM
Property Management Company Charged with Embezzlement

Thanks Zeke, I was going to say the SAME EXACT THING!

There is very little information given in this article. How can anyone judge before getting alllll the info. There’s two sides to every story!

bornatcottageho... Jul 16, 2021 09:06 AM
Property Management Company Charged with Embezzlement

This DA doesn't give a F! She and her sleuths like Brian Cota will OVERCHARGE to the hill and hope you plea out, that's Santa Barbara (in)Justice for you. Let's ruin a name in the process.

Notthatbad Jul 16, 2021 12:58 PM
Property Management Company Charged with Embezzlement

Glad you think he’s a nice person. Makes me feel a LITTLE better about having done some financial stuff with him (not by choice of course, just renting from one of the listed companies). Obviously he doesn’t come across as being very nice with something like this, but... ¯\_(ツ)_/¯

Jita Jul 17, 2021 07:24 AM
Property Management Company Charged with Embezzlement

Mr. Pirozzi tried to scam an elderly relative of mine. Mr. Pirozzi had horrible reviews online, when I inquired to him about it, he accused me of slander. Thankfully, my relative went in a different direction.
I urge anyone who Mr. Pirozzi has ripped off or attempted to rip off to call District Attorney Investigator Kristin Shamordola at 805-560-1044.

Akfish Jul 17, 2021 04:18 PM
Property Management Company Charged with Embezzlement

Well come to find out my elderly grandparents were targeted. It’s amazing how greed can make someone blind to the consequences. I am estimating he is going to serve around 10 years with the white collar enhancement. Not worth any amount in the world to go upstate. Bon voyage Harbor View Real Estate. Looking like Bar View Real estate for Pirozzi now. Enjoy your celly.

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