by Alex Lloyd Gross
Jason Walsh the CEO of ABC Capital has to pay the state Attorney General a $350,000 penalty, after he violated an agreement from previous problems. In April 2024 he entered into an agreement to never manage any residential properties or engage in the duties of a property manager in Pennsylvania. According to Attorney General Dave Sunday, Walsh violated that agreement.
Walsh is CEO of ABC Capital Realty, LLC, and affiliates; Giovanni Real Estate, LLC; IPP USA, LLC; and Premier Rentals Philadelphia Limited.
This week, the Philadelphia Court of Common Pleas ruled that Walsh violated the agreement by managing properties and contacting tenants, among other things.
The settlement, in the form of an Assurance of Voluntary Compliance, regarded allegations that Walsh did not consistently repair or maintain residential properties in habitable conditions; did not obtain rental licenses as required by applicable laws in Philadelphia; and engaged in other inappropriate and unlawful conduct which allegedly resulted in deceptive and unfair treatment of tenants in rented homes.
The Court found that Walsh violated the agreement by performing property management services for a property he owned in Philadelphia; failing to use a professional property manager; providing inaccurate information to the Office of Attorney General; and communicating directly with tenants.
Walsh was ordered to immediately pay $350,000 to the Commonwealth.