August 6, 2015
By Michelle Caffrey
A property manager from Cherry Hill is facing theft charges Thursday after authorities said he created his own company to steal $189,055 in rent payments and security deposits from landlords.
Randal S. Maher, 40, is charged with second degree theft by deception and second degree misapplication of entrusted property. He withheld payments in his job managing more than 100 properties for a Moorestown real estate agency, according to a joint media release from the Burlington County Prosecutor’s Office, Moorestown police and the state treasury department’s Office of Criminal Investigation.
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Authorities said he created the company S.J. Property Management so tenants would send their payments to his own account instead of the property owners. He also used a now-defunct website www.sjpropertymanagement.com, to accept payments.
His employer went to authorities after numerous landlords and tenants complained that either they weren’t receiving rent payments or they were not returned their security deposits.
Maher had allegedly told the property owners that tenants were late or behind on their rents. Issues with payments were found at 101 properties he managed.
Maher was released from custody after posting $100,000 bail, and his case will be presented to a grand jury in Burlington County.
Authorities ask that anyone with more information about Maher that could help the investigation to contact the Burlington County Prosecutor’s Office Financial Crimes Unity at 609-265-5035.