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News 5 Investigates: Disgraced realtor charged with theft appear - KOAA.com | Continuous News | Colorado Springs and Pueblo

News 5 Investigates: Disgraced realtor charged with theft appears in court

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Holly Janette Dalton, 44, leaves the courtroom in Colorado Springs after being advised of the felony theft charge she faces Holly Janette Dalton, 44, leaves the courtroom in Colorado Springs after being advised of the felony theft charge she faces
Holly Janette Dalton is accused of theft from landlords and tenants. (CPSD) Holly Janette Dalton is accused of theft from landlords and tenants. (CPSD)
COLORADO SPRINGS -

A disgraced realtor whom financial crime detectives believe kept nearly $100,000 in client rent payments was advised in district court this morning of the felony theft charge she faces. Holly Janette Dalton, 44, showed up about half hour late to her hearing and was not represented by an attorney.  

When asked by News 5 Investigates' Andy Koen, "What happened with all the money?" and "Where did those rent checks go?", Dalton had no comment. She briefly tried to hide her face and block the camera lens with her hand. 

Dalton is accused of stealing $95,937 a group of 15 landlords and more than 27 tenants last summer. Investigators with The Colorado Springs Police Department believe Dalton withheld the payments in a lapping scheme where she would pay some landlords keeping the receipts from others for several months then pay the missed payments using the monies meant for other landlords.

The theft charge is a Class 4 Felony which is punishable by 2-6 years in prison and fines between $2,000-500,000. Dalton bonded out of jail last Friday. Her next court appearance is scheduled for March 27.

RELATED: 

News 5 Investigates: Property management firm owner wanted for theft

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