President of Turnberry on the Green condo association arrested in $1.5M theft (Degree in quantum physics)
Miami-Dade jail records showed the 62-year-old Arzumanov was booked Tuesday morning on charges including racketeering, organized fraud, money laundering, grand theft, and fraudulent use of a credit card.
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Video posted on X Tuesday appeared to show Arzumanov being led out of the condo building's lobby in handcuffs.
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According to an arrest warrant, the 28-story, 378-unit condo building's association had an annual budget of over $3 million that was paid by monthly fees from homeowners.
Arzumanov had stepped down as association president in January 2022 and was hired "at his insisting" to be the building's chief engineer, with an $80,000 yearly salary, the warrant said.
Investigators found Arzumanov has a degree in quantum physics but no engineering background and no state-issued licensing for engineering, the warrant said.
Arzumanov resumed the position of association president in December 2022, but by taking over multiple top-level positions including property manager and chief engineer he had consolidated power, the warrant said.
"This combination of positions allowed the defendant to select contractors, make purchases, and seek reimbursement for non¬association expenses with no oversight or checks and balances," the warrant said. "The defendant strategically over time placed himself in these upper management positions as a means to avoid oversight and maintain unfiltered access to the association’s finances.
https://www.nbcmiami.com/news/local/president-of-turnberry-on-the-green-condo-association-arrested-in-theft-probe/3432161/
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