BOCA RATON, FL (BocaNewsNow.com) — Jon Rashotsky, a former Realtor with Mizner Grande Realty in Boca Raton, was taken into custody today by police in Sunrise.
BocaNewsNow.com has been following the investigation into Rashotsky for over a year. He stands accused of taking escrow money from clients and distributing it to — among others — a woman he met on “SeekingArrangements.com.”
Here is the official release from Delray Beach Police — the department that investigated the claims and called for his arrest:
Jon Rashotsky was employed as a real estate agent with Mizner Grande Realty and directed 83 clients to escrow money in an account for pending real estate transactions. Between July 14, 2010 and November 10, 2011, Rashotsky authorized the disbursement of escrow money to third parties without the knowledge or authorization of the client. These unauthorized distributions included $58,760.75 to a female acquaintance Rashotsky met on the dating website www.seekingarrangements.com; $304,996.83 to his wife (who was unknowing and uninvolved in the fraud); and $776,003.00 to a female acquaintance. Rashotsky used the preceding accounts as an avenue to launder stolen funds for personal use. In addition to maintaining an extravagant lifestyle, Rashotsky used the stolen escrow money for entertainment, living expenses, real estate advertising and cash withdrawals.
Rashotsky was arrested by Sunrise PD and was taken to Broward County Jail. Rashotsky will have to be extradited from Broward County to Palm Beach County. Below is a picture of Rashotsky that was taken from the internet. A booking photo will not be available on the PBSO Booking Blotter until Rashotsky is booked into the Palm Beach County Jail.
BocaNewsNow.com is the leading site for news and information based in Boca Raton, Florida. We have surpassed 1.3-million page views.
We remind readers that an arrest is an accusation. Guilt or innocence is determined in a court of law.
Posting comments? Note that ip addresses are logged and may, at the discretion of the publisher, be shared with law enforcement in unique situations.
For advertising information or to submit news tips, please email news(at)BocaNewsNow.com.
BocaNewsNow(TM) is a Trademark of MetroDesk Media, LLC. The name may not be used without express written permission.