Massachusetts broker arrested, accused of embezzling $11.6M

Massachusetts broker Stephen D. Webster has been indicted for allegedly stealing $11.6 million from consumers and agents by diverting escrow funds into his business and personal accounts. Continue reading

Ex-CEO accused of embezzlement sues association ahead of trial

Michael Mercurio, the former CEO of the Greater San Diego Association of Realtors and San Diego MLS, alleges wrongful termination as a separate suit against him is set to go to trial in October. Continue reading

Industry veteran Saul Klein replaces MLS CEO accused of theft

Klein has been interim president of San Diego MLS since June, following the departure of former CEO Michael Mercurio, who allegedly embezzled $1 million from the San Diego Association of Realtors. Continue reading