Cabr Reports Money Missing

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The Central Arizona Board of Realtors accepted the resignation of its executive officer this week after discovering "irregularities" in the organization's bank accounts.


CABR President Jill Morgan said organization officials discovered early this week that money was missing from CABR's various bank accounts, which are funded by members' annual and quarterly dues. They asked the Payson Police Department to investigate.


"They asked me to resign," Raven Burlando said Thursday afternoon, "and I did."


But Morgan said Burlando, who has worked as CABR's executive officer for 15 years, made the decision to resign on her own.


The police department is investigating the matter, Payson Police Lt. Don Engler said Thursday, but no arrests have been made.


CABR officials notified the police Tuesday that money was missing from the organization's accounts, and Det. Chris Haack was assigned to the case. Haack was out of town Thursday and wasn't due to return until April 17.


The Central Arizona Board of Realtors, which has an office in Mario's Borgata, maintains a local multiple-listing service and provides professional services for its members.


"We'd like to cooperate, and do whatever we can to stop the rumor mills," Morgan said, "but at this point, we just really don't know where we stand. We know that there are problems.


"We are working on (trying to come up with a dollar amount). At this point, we have no idea how far this goes back. It would be impossible to determine how much is missing at this point."

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