1. Money
Erin Eberlin

Florida Man Steals From Unsuspecting Renters

By November 30, 2012

Follow me on:

 Getty Images

Getty Images

A Florida man, Rico Cox, is being charged with grand theft, obtaining property by fraud and acting as an unlicensed real estate broker. So, what exactly did Mr. Cox do?

Cox woke up one morning and decided he wanted to be a real estate agent. He allegedly contacted the owner of a property in Coral Springs, Florida, telling them he was a real estate agent looking to rent out the property. The owner, Controltek Corp, told Cox that if the prospective tenant was interested, Cox should bring them back to the office and not try to collect any money from them on site.

The problem here was, Cox was never a licensed real estate agent. He was using this guise as a way to steal security deposits from prospective tenants. Cox is alleged to have swindled nearly $3,000 in security deposits from unsuspecting renters. He is currently being held at $21,000 bail.

It is unfortunate that Cox used his skills for crime and not for good. He could have potentially been a successful real estate agent. He was convincing enough to get three people to rent a property. In addition, Controltek Corp should do a better job when screening real estate agents. It is very risky giving out the keys to your property to anyone who calls.

Suggested Reading:
Alabama Security Deposit Law
Alaska Security Deposit Law
Arizona Security Deposit Law
Colorado Security Deposit Law

Florida Security Deposit Law
Ohio Security Deposit Law
South Carolina Security Deposit Law
Virginia Security Deposit Law
No comments yet. Leave a Comment
Leave a Comment

Line and paragraph breaks are automatic. Some HTML allowed: <a href="" title="">, <b>, <i>, <strike>
  1. About.com
  2. Money
  3. Landlords & Property Investments

©2014 About.com. All rights reserved.