Rio Rancho police investigating embezzlement at realty management company

Posted at: 08/01/2014 12:05 PM
Updated at: 08/01/2014 1:34 PM
By: Elizabeth Reed,

Rio Rancho police are executing a search warrant at a realty management company in relation to an embezzlement case on Friday.

Detectives say a Double R Realty employee embezzled hundreds of thousands of dollars from several individuals and businesses, including home owner associations.

KOB Eyewitness News 4's crew at the scene observed officers loading filing cabinets into a trailer. The cabinets were taped closed with evidence tape.

Double R Realty is located at 4020 Peggy Road. The business, in operation since 1997, offers several real estate management services in the metro.

No further details have been released at this time. Stay with KOB Eyewitness News 4 and for updates.