Naples-Based Condo Manager Now in Colombian Prison Amid Alleged $70 M Fraud

Naples, FL – A former Naples property manager is reported to be incarcerated in Colombia after being sought on multiple fraud allegations tied to Southwest Florida condo associations.

In 2022, numerous condominium associations in Collier County brought legal action against Orlando Miserandino Ortiz and his company, American Property Management Services (APMS), claiming he diverted millions of dollars in fees and dues by placing community funds into accounts under his and his company’s names.

The allegations escalated to a federal grand jury indictment in January 2024 that charged Ortiz and his business partner (and wife) with wire fraud, conspiracy, money-laundering and failing to file tax returns.

Most recently, an Argentinian online publication reported that Ortiz is in Bogotá’s La Picota prison awaiting extradition to the U.S., while his wife and business partner remains at large.

Affected associations alleged that, because of Ortiz’s actions, insurance premiums for association employees went unpaid, utility shutoffs were threatened and standard bills could not be settled.

Court documents show nearly 30 condo associations filed suit against APMS in 2022, and the estimated loss is reported to exceed $70 million.

Naples and the broader Southwest Florida region count on property-management firms to safeguard common-fund assets and maintain financial transparency. A breakdown in those controls not only threatens individual associations, but also undermines trust in the local real-estate ecosystem.
For homeowners, board members and associations, this case serves as a red flag: rigorous oversight, auditing of bank accounts, separation of duties and timely reconciliations are more than best practices — they’re essential.

Extradition proceedings are reportedly underway. Once Ortiz is returned to the U.S., prosecutions may unfold in federal court or via state cases in Florida, depending on the venues and charges. Association members will continue to seek recovery of funds, though full restitution in such widespread schemes is often complex and protracted.