Local 10 News: State regulator accused of hijacking condo association he was assigned to investigate
By Bob Norman, Investigative Reporter
August 16, 2018
HALLANDALE BEACH, Fla. – The state is investigating one of its own now-former regulators after accusations that he abused his power at a condominium he was assigned to investigate, the Department of Business and Professional Regulation confirms.
Eduardo Iglesias duped residents into hiring not only his own association management company, but also his wife as the condo’s attorney after he’d been called by the state to investigate a complaint at El Dorado Plaza West in Hallandale Beach, numerous unit owners and an active lawsuit allege.
“I confronted him one day and I told him you don’t really belong here,” said 88-year-old Jim Silverman, adding, “All he wanted to do was get our money.”
Iglesias was first assigned last year to investigate alleged wrongdoing at El Dorado Plaza West in May 2017, according to DBPR records, but a lawsuit filed by unit owner Robert Petrasek alleges he instead “hijacked” the community association, beginning with an alleged recommendation to the condo board that it hire Anatalia Sanchez as its attorney, which it did. What residents and the lawsuit allege they didn’t know at the time was that Sanchez was the wife of Iglesias.
Sanchez, who did not respond to a message for comment for this story, then cut a deal condo to to provide legal services for the condo beginning on Sept. 30, 2017. The deal called for her law firm to be paid $2,800 a month, not only for legal services, but also for “outsourced” management services. A request that the investigation be terminated was received by the state on Oct. 5, according to state records, but Iglesias’ involvement with the condo was apparently just beginning.
On Oct. 18, the condo board approved the new management company, Real Asset Management, owned by one Edy Quin. Residents said they didn’t know that Quin, licensed community manager, and Iglesias, state condo regulator, were one and the same person: Eduardo Quin Iglesias. Read more: