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, reports:
  • 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.