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A Solana Beach property manager and her Los Angeles area cohort were arrested yesterday on charges of embezzling over $900,000 over a period of just one-and-a-half years from a community homeowners’ association she oversaw in the Ventura County community of Simi Valley.

Kristin Regina Davis, CEO of Paradigm Management Group, and her CFO, Melissa Hoff-Soloman-Ramsey of Agoura, Califorbia, were assigned to manage the Big Sky Homeowners’ Association in February 2008. By November 2009, the pair used a handful of schemes to defraud Big Sky of nearly a million dollars, a sum that didn’t go unnoticed by the association board.

Davis then closed down Paradigm, but continued to operate similar ventures under the names MK Management and Seaside Management from Ventura to Orange County.

After extensive investigation, Davis and Hoff were arrested in a joint operation by the Ventura and San Diego Sheriff Departments. Davis is being held on $500,000 bond, and so far faces 12 felony charges including grand theft and insurance fraud, but more may be forthcoming as detectives examine the histories of other associations that claim to have lost money under Davis’s management.

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