Published by Peter Zalewski
10/6/2024 
7:51:54 PM 
Police arrested board member Gregori Arzumanov of the Turnberry On The Green condo association in Aventura on Tuesday. (Image courtesy of WSVN.com)
In what could be a harbinger of things to come under the newly revised Florida Condo Law that promotes condo association transparency, the president of a highrise tower in Northeast Miami-Dade County was busted in an alleged $1.5 million embezzlement scheme on Tuesday.
Gregori Arzumanov – the quantum physicist-trained president of the Turnberry On The Green condo tower in Aventura – was arrested on Oct. 1, 2024, on a number of felony charges, including racketeering, grand theft and money laundering, according to a Miami-Dade County arrest warrant.
Police arrested Arzumanov at the tower where he is accused of acting like the “king of the condo” at 19501 W. Country Club Drive, according to WSVN.com.
Condo Market Inventory Tracker
A Snapshot Of South Florida Vintage Condos
| Databases | Active Listings | Months Of Supply |
|---|---|---|
| Condos | 15,388 | 8.2 |
| Luxury Condos | 985 | 9.1 |
| Shortsales | 19 | 12.1 |
| REOs | 98 | 5.8 |
| Rentals | 12,874 | 3.7 |
Peter Zalewski is a licensed real estate broker and consultant focused on the South Florida condo market. Zalewski is a former special contributor to the Miami Herald and a former real estate columnist for The Real Deal magazine. Zalewski now hosts the Miami Real Estate Investing Podcast that is available in audio and video wherever you get your podcasts.
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