Woman pleads guilty to stealing thousands from Colorado Springs landlords and tenants

Holly Dalton / Colorado Springs Police Department
Holly Dalton / Colorado Springs Police Department

COLORADO SPRINGS, Colo. — The former owner of a Colorado Springs property management company has pled guilty to scamming landlords and tenants out of tens of thousands of dollars.

Prosecutors said said Holly Janette Dalton pled guilty Tuesday to theft of between $20,000 and $100,000, which is a class four felony.

Police said Dalton was the owner of Premiere Properties and Management, which also did business as Encore Properties. The business, which was first licensed in 2010, was located on Kelly Johnson Boulevard in Colorado Springs.

Police said Dalton took damage deposits paid by tenants and held in escrow for her clients, and used them for her own benefit. She also concocted a lapping scheme in which she would take rental payments, pay some landlords, and keep the money meant for the other landlords. Months later, she would pay the missed payments using money meant for other landlords, according to police.

Police said Dalton’s scheme fell apart when she couldn’t keep the missing rental payments current.

Police said 15 landlords and more than 27 tenants fell victim to Dalton’s scheme. The total amount of the theft was $95,937.

Dalton’s Colorado real estate broker license was suspended in December, after Colorado Real Estate Commission investigators found evidence of the misconduct.

Dalton will be sentenced on January 8.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s