NewsWSVN 7 News MiamiAugust 27, 2026Miami-Dade
Miami-Dade Sheriff's Office arrests six property managers in $5.8 million condo fraud scheme
The Miami-Dade Sheriff’s Office has arrested six individuals, including alleged mastermind Juan Awais, for orchestrating a scheme that diverted approximately $5.8 million from five local condo associations. The suspects allegedly submitted fake invoices for unperformed maintenance and renovation work, siphoning insurance and association funds into personal accounts.
Read the full story at WSVN 7 News MiamiWhy It Matters
The investigation impacts condo association finances and homeowners who paid for repairs that were never completed, particularly following hurricane damage.
Key Facts
- Six property managers were arrested for a fraud scheme involving five condo associations.
- Approximately $5.8 million was diverted into personal accounts through fake invoices.
- The scheme involved billing for non-existent roofing, security, and renovation work.
- Juan Awais, age 60, is identified as the alleged mastermind of the operation.
- Juan Awais faces charges of organized fraud, money laundering, and third-degree grand theft.
- The bond for Juan Awais was set at $3 million.
- Suspects allegedly obstructed the investigation by creating false documents and discouraging board members from speaking to police.
- The investigation spanned two years.
- The Sheriff's Office indicated that insurance money intended for hurricane repairs was among the funds siphoned.
- The investigation is ongoing, with the potential for further arrests.
Who's Mentioned
personDelma Alonso“Arrested individual.”personRosie Cordero-Stutz“Miami-Dade Sheriff.”personJoana Barios Perez-Tapia“Arrested individual.”organizationMiami-Dade Sheriff’s Office“Law enforcement agency conducting the investigation.”personJuan Awais“Alleged mastermind of the fraud scheme, age 60.”personJuliet Ramos“Arrested individual.”