Prosecutors say a Santa Barbara County real estate broker has been ordered to spend 30 days in jail and pay more than $2.3 million in fines and restitution.
They say Adam Michael Pirozzi owned Santa Barbara Property Management, which had a number of local apartment complexes as clients.
After getting a tip from a client, the Santa Barbara County District Attorney’s Fraud Unit launched an investigation. Investigators say they discovered that Pirozzi had embezzled more than $650,000 from his clients.
The say he pled no contest to two embezzlement counts.
Prosecutors froze his assets, and some of that money will be used to pay $1.2 million in restitution, and more than a million dollars in fines.
