Over the years Mr. Shockley operated his property management company I did some business with him.  I have friends who did a LOT of business with him.  He was always a personable, affiable, "Christian" gentlemen.  

It seems he was also a thief, operating a Ponzi scheme with clients' money and the deposits of tenants in those client's rental properties.  Somehow he managed to keep things hidden until he had defrauded those folks of 3.5 million dollars.  I'm guessing he will lose all his assets and spend some time in Club Fed.  He seriously damaged or actually ruined many of those who trusted him with their business.  They, of course, will recover little of the money they lost.  I have no idea if Shockley's "errors and omissions" policy will help them.

Meanwhile, I hope the governmental agencies responsible for holding manage companies accountable have developed policies and procedures to protect clients and tenants from future scams such as Shockley's.