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News 5 Investigates: Property management firm owner wanted for theft

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Holly Janette Dalton is wanted by the Colorado Springs Police Department for theft. (CPSD) Holly Janette Dalton is wanted by the Colorado Springs Police Department for theft. (CPSD)
COLORADO SPRINGS -

A corrupt realtor first exposed by News 5 Investigates for pocketing her clients' rent payments is now on the run from the cops in Colorado Springs.

Colorado Springs Police Department sent out a release asking for the public's assistance in locating 44-year-old Holly Jeanette Dalton, who is accused of stealing more than $95,000 from landlords and tenants in the Colorado Springs area.

Back in November when the News 5 Investigates team first told you about Dalton, clients were lining up at her door to get their money back.

"We stopped getting rent, owners portals update in June," property owners Raymundo and Amanda Rincon told us.

Alexis Perreira said Dalton was "very unprofessional, misleading, irresponsible." 

The police applied for a warrant for Dalton's arrest three weeks ago. Financial Crimes Detective Wayne Lambert told the judge he believes Dalton was taking money from one client and using it to pay rents owed to another as early as June.

That's the same time victim Mary Masters said her checks from Dalton started bouncing.

"In June, her check bounced and then she made it good, and in July it bounced and she made it good, but then I think by August she couldn't do it," Masters said.

Dalton took at least $8,000 from Masters. Masters said she has sympathy for Dalton and thinks that she just didn't know what to do when her business started to unravel.

"My theory is that she handled these rental properties for a number of years very successfully but then all of a sudden things fell apart," Masters said. "She said her brother took some money when she was out of town and then one of her other employees took money."

In fact, that's the same story Dalton gave to the police when they first started asking about the missing money. But the problem was that Dalton didn't report the embezzlement until after the cops started poking around.

Detective Lambert reviewed Dalton's bank accounts and did not find evidence that Dalton was a victim. Instead, he found proof that she was was using her clients' money to live on.

"She was making payments to a cable company, utility companies, and for food and some recreation," Detective Lambert wrote in his application for an arrest warrant. 

One of her three business bank accounts showed a payment from last February to Phil Winslow Motors to purchase a white Chevrolet for her son.

In all, the police believe 15 landlords and 27 tenants were defrauded by Dalton.

Dalton is a white female, 5'4" tall, 115 pounds, with blonde hair and brown eyes.

Anyone with information on Dalton's whereabouts is asked to call the Colorado Springs Police Department at (719) 444-7000, or anonymously call Crime Stoppers Tip Line at (719) 634-STOP (7867) or 1-800-222-8477.

RELATED: News 5 Investigates: Homeowners seek answers from manager who allegedly kept rent

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