- A Hasbrouck Heights man is accused of embezzling $100,000 from the accounts of a Bergen County-based condominium association in a five-year scam, prosecutors said Wednesday.
Raymond Gonzalez, 62, was charged with theft by deception and forgery after an investigation that stemmed from a March 2016 complaint, according to Bergen County Prosecutor Gurbir S. Grewal.
As operator of the condo association's management company, Gonzalez had access to a line of credit account used by the organization, authorities said.
"Gonzalez removed monies from the account, transferred them into accounts held by his management company and used them for his personal benefit," Grewal added in a statement.
"In an effort to write fraudulent checks from the account, Gonzalez forged the signatures of two of the condominium association's board members," the prosecutor said.
The alleged scheme continued between 2011 and 2016. Officials said Gonzalez was released ahead of a court appearance set for Sept. 6.
Welcome to The Home Equity Theft Reporter, a blog dedicated to informing the consumer public and the legal profession about Home Equity Theft issues. This blog will consist of information describing the various forms of Home Equity Theft and links to news reports & other informational sources from throughout the country about the victims of Home Equity Theft and what government authorities and others are doing about it.
Wednesday, August 30, 2017
Managing Agent Gets Pinched For Allegedly Forging Condo Board Members' Signatures To Illegally Siphon $100K From HOA's Line Of Credit, Using The Loot As His Personal Spending Cash
In Hackensack, New Jersey, nj.com reports: