News 13 has obtained police reports indicating potential embezzlement of more than 2 million dollars by the former manager of Oaseas Resorts.
This comes after the resort rental management company sent an email to property owners Tuesday night, stating they "will be ceasing operations."
Both incident reports allege possible monetary theft; from property owners against the company and from one manager against his former boss.
Current manager, Tom Duggan, alerted authorities on Wednesday to the possible theft of 2.2 million dollars by his former boss, Marty McDaniel.
A police report states that Duggan said McDaniel doubled his salary over time and said auditors have found several suspicious transactions made by McDaniel.
McDaniel resigned in March.
Duggan's statement to police comes just hours after that email was sent to property owners, citing "economic conditions" as the reason for closing.
The news clearly did not sit well for one property owner who lodging his own complaint, saying the company owes him more than 3000 dollars for his July rentals.
Beach PD Major, Chad Lindsey, said they are in the early stages of determining whether this is criminal in nature or simply poor management.
"We are in the very early stages of the investigation; we have investigators assigned to the allegations to look in to. If we can proceed with criminal charges, we absolutely will," said Lindsey.
Chief Drew Whitman confirmed the States Attorney's Office has already been notified.
Meanwhile, those wishing to lodge complaints about this issue can now do so online with the beach police department.