Rio Rancho police investigating embezzlement at realty management company

Updated: 08/01/2014 12:06 PM | Created: 08/01/2014 11:56 AM
By: Elizabeth Reed,

Update: Several accounts involved in Double R Realty alleged embezzlement case

Rio Rancho police are executing a search warrant at a realty management company in relation to an embezzlement case on Friday.

Detectives say a Double R Realty employee embezzled hundreds of thousands of dollars from several individuals and businesses, including home owner associations.

Double R Realty is located at 4020 Peggy Road. The business, in operation since 1997, offers several real estate management services in the metro.

Photo: MGN

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