Real estate broker accused of stealing over $300K from client arrested in Pines
A Miami realtor who owns a title company was arrested Sunday by the Pembroke Pines Police Department and accused of misappropriating more than $322,000 in escrow funds from a home sale.
Margaret Jimenez, 48, is listed as president of All Star Title, a real estate and title insurance agency based in Aventura.
Jimenez faces multiple charges, including grand theft of more than $100,000 and organized scheme to defraud involving more than $50,000, according to a probable cause affidavit from the Fort Lauderdale Police Department.
The Pembroke Pines News reached out to the PPPD for more information but has not heard back as of Monday, June 29.
The sale closed Sept. 19, 2025, and Jimenez allegedly received $322,849.03 in escrow deposits intended to cover taxes, mortgage payoffs, fees and the seller’s proceeds, including $147,304.19 in profit.
According to the affidavit, the funds instead were wired and used to pay an unrelated mortgage through Carrington Mortgage Services, leaving the escrow account without enough money to close the transaction.
Investigators say the seller never received the proceeds from the sale, which prevented the transfer of the home to the buyer.
By Oct. 31, the escrow accounts balance had fallen to $281.40, investigators found.
Bank records obtained through a subpoena confirmed the account never held enough money to cover the required disbursements.
Jimenez was being held at the Broward County Main Jail as of Monday, June 29, on a $75,000 bond.
