BrokerageIndustry News

CEO of Sacramento brokerage on leave

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

The prominent head of one of California's largest real estate brokerages has taken a leave of absence amid allegations that he made secret video recordings of guests at several properties he owns using hidden cameras in bedrooms and bathrooms.Michael Patrick Lyon, who has headed Sacramento-based Lyon Real Estate since taking the company over from his father in 1974, has denied the allegations, saying that surveillance equipment turned over to federal law enforcement authorities by his estranged wife was used for security purposes, the Sacramento Bee reported.Lyon and his second wife, Kimarie "Kim" Lyon, are in the midst of a divorce proceeding. Last year, Kim Lyon turned over to federal authorities surveillance equipment previously installed in the attic of the couple's home, The Bee reported, citing law enforcement documents.The FBI and Department of Justice closed a 16-month investigation on Tuesday, the newspaper said, but the Sacramento County district attorney and sherif...